Wednesday, November 8, 2023

Got an extra $120mil laying around? Maybe you should think about some art work...

 

This 1932 painting of Picasso's secret ‘golden muse’ heralds first big lot of autumn auction season featuring £2bn of art. A Pablo Picasso masterpiece of his “golden muse” is predicted to trigger a £100m-plus bidding war between billionaire art collectors on Wednesday night in the first big lot of an autumn auction season that is expected to sell more than £2bn of art.
The portrait, Femme à la Montre (Woman with Watch), will be sold at auction at Sotheby’s in New York at 6pm local time, with a sales estimate in excess of $120m (£98m).
The 1932 painting of Picasso’s secret lover, Marie-Thérèse Walter, was created during the artist’s explosive “year of wonders” as he prepared for his first large-scale retrospective in Paris at the age of 50 and is highly sought after by collectors.
 



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