Artfest International, Inc. is pleased to announce that the Company will now offer its original Picasso Sculpture art piece to the public. The Picasso Sculpture will be featured on www.artfestdirect.com and on http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=180524833398. The starting bid for the wooden sixty-by-twenty-seven Picasso sculpture is $55 Million.
The Picasso Sculpture was completed in 1949 and is titled “Rendering Of Francoise Gilot.”The Picasso piece was appraised by Eritas Fine Art Appraising and Consulting, LLC in February 2010. The market value of this sculpture is estimated to be between fifty and seventy million dollars. The purchase price for the Picasso Art Piece is $2,500,000.00 in cash and 50 million warrants at $1.00 per share from Artfest International, Inc.
“We believe the proceeds from the sale of the Picasso Art Sculpture will give the Company the ability to aggressively pursue all of its objectives as outlined in its business plan,” stated Edward Vakser, CEO of Artfest International, Inc.
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Artfest To Sell Picasso Art Piece | Profit With Travel on July 12th, 2010 at 8:10 pm
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