Bloomberg is reporting that Wang Zhongjun, the Chinese movie executive of Huayi Brothers Media Corp. is the buyer of Picasso’s Femme au Chignon dans un Fauteuili, which sold for $29.9 million at Sotheby’s this week. The purchase is somewhat ironic, given that the sellers were members of Hollywood’s film production dynasty, the Goldwyn family. “I first fell in love with the painting and then I fell in love with its story,” Wang said after the sale. “I can see not only Pablo Picasso’s genius, but also Samuel Goldwyn Sr.’s creative vision.”Read more at Bloomberg
