Art paintings have always been a prized possession of many. A painting by Picasso has set a new world record by  selling for $179.4m(nearly 1000 crores) in New York.The painting ‘Women of Algiers’ had been expected to exceed $140m before the auction but the final price far exceeded due to last minute competition.

Several bidders competing via telephone drove the winning bid to $160m, for a final price of $179,365,000 .The previous world record for a painting sold at auction was $142.4m, for British painter Francis Bacon's Three Studies of Lucian Freud in 2013.

The Women of Algiers is an onslaught of color contained within structural forms that create and break up, reconvening only to fissure and form again. Almost every shape in the picture merges with the next then congealing into something specific before fading again into something else.