Sotheby’s released the name of the buyer of its top Picasso lot from Tuesday night:

Sotheby’s is honored to confirm that Pablo Picasso’s Femme au chignon dans un fauteuil,which had remained in the Goldwyn family collection since it was acquired by Hollywood legend Samuel Goldwyn Sr. in 1956, was purchased in yesterday’s Evening Sale by another major figure in the film industry: Wang Zhongjun, Chairman and co-founder of entertainment giant Huayi Brothers Media Group.

Wang Zhongjun said: “I first fell in love with the painting and then I fell in love with its story. The Goldwyn family is legendary in our industry and in this one work, I can see not only Pablo Picasso’s genius, but also Samuel Goldwyn Sr.’s creative vision.”