Picasso Fetches £28.6m

Yesterday evening Sotheby's in London auctioned this incompetent daub by Picasso, Femme assise pres d'une fenetre (Woman sitting by a window) for £28.6 million. It's supposedly a portrait of Picasso's lover Marie-Therese Walter, painted in 1932. Picasso dumped her a few years later when he took up with his next mistress Dora Maar. Judging by this portrait, the writing was already on the wall for Ms Walter in 1932. The daub was bought by an anonymous telephone bidder. CLICK for a BBC video.