One of Pablo Picasso’s masterpieces, Woman with a Watch, was sold at auction Wednesday night for $139.3 million by Sotheby’s in New York, the second-highest price ever achieved for the artist.

In a jam-packed room at the venerable auction house, it only took a few minutes of telephone bidding for the 1932 painting depicting one of the Spanish artist’s companions and muses, the French painter Marie-Therese Walter, to be sold.

Femme a la montre had been valued at over $120 million before going on the block, according to Sotheby’s.

It was part of the house’s special sale this week of the collection of details ⇒

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