Original Picasso Sold At Costco

Original Picasso sells on Costco Web site

Picasso artwork no longer is relegated strictly to art galleries for the well-heeled. Costco, the discount retailer, has sold a couple.

A Picasso crayon doodling on the blank side of a book jacket sold this month on the Costco Web site for 39-thousand-999 dollars and 99 cents. Art dealer Jim Tutwiler says the 1970 drawing of a face is signed and dated by the Spanish artist, saying he probably traded it for a new suit or some service. Tutwiler says Picasso hated to spend money. It's the second Picasso Tutwiler has sold through Costco. He says the discounter known better for bulk chicken and cases of soda has a markup that's one-tenth of that charged by traditional galleries.