Picasso’s ‘The Rescue’ sells for $31.5M in NY; day after his Dora Maar portrait fetches $22.5M

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Bid takers cast bids from buyers over the phone for the painting, Strandszene, by Wassily Kandinsky during an impressionist and modern art auction at Christie\'s, Tuesday, May 6, 2014, in New York. The auction house says it expects to raise over 45 million from the sale of works including those by Monet, Renoir, Picasso, Degas, Matisse and Kandinsky. (AP Photo/Julie Jacobson)

NEW YORK, N.Y. – Pablo Picasso’s “The Rescue” sold for $31.5 million at auction in New York.

The colorful 1932 oil painting fetched far more Wednesday than its $14 million to $18 million estimated price.

“The Rescue” led the bidding Wednesday at a Sotheby’s sale of impressionist and modern art. The auction house sold 50 pieces, raising about $219 million.

It was the second straight night a painting by the Cubist master changed hands for a big price. Picasso’s 1942 painting of his mistress in a purple dress titled “Portrait of Dora Maar” sold Tuesday for $22.5 million at Christie’s.

Henri Matisse’s “Morning Session,” a 1924 oil of the artist’s assistant, Henriette Darricarrere, sold for $19.2 million. Claude Monet’s “Japanese Bridge” went for $15.8 million. His “On the Cliff at Pourville” netted $8.2 million.

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