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Picasso Portrait Sells For $29 Million

A rare portrait from Picasso’s blue period sold Monday for $29 million - three times its estimated value and the highest price paid for a painting at worldwide auction since the market flattened out five years ago.

Bidding for Picasso’s “Angel Fernandez de Soto,” sometimes called “The Absinthe Drinker,” began at $8 million and rose until a telephone bid went unchallenged.

Picasso’s 1903 painting depicts de Soto, his friend and fellow artist, seated in a Barcelona cafe. There is a nearly empty glass before him and a cloud of tobacco smoke shrouding the table.

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Trump says he may still meet with Kim Jong Un next month

UPDATED: 8:25 a.m.

updated  President Donald Trump on Friday warmly welcomed North Korea’s promising response to his abrupt withdrawal from the potentially historic Singapore summit and said “we’re talking to them now” about putting it back on track.