Picasso masterpieces fetch $108.9 million at Sotheby’s auction

Sotheby’s auctioneer Oliver Barker leads an auction of 11 works by Spanish artist Pablo Picasso, alongside “Femme au beret rouge-orange” (top L), in Las Vegas on October 23, 2021. (Photo by Ronda Churchill / AFP)

Eleven masterpieces by Pablo Picasso fetched $108.9 million at a Sotheby’s auction in Las Vegas on Saturday. 

The works went under the hammer at the Bellagio hotel and casino, known for its extensive art collection, ahead of what would have been the Spanish painter’s 140th birthday.

The jewel in the crown of MGM Resort’s auctioned collection was “Femme au beret rouge-orange” (“Woman with a red-orange cap”), one of the last portraits by the artist of Marie-Therese Walter, who he began an affair with when she was 17 years old, and inspired many of his most celebrated works.

It sold for nearly $40.5 million after a starting price was estimated at $20-30 million.

Pablo Picasso’s “Femme au beret rouge-orange”.(Photo by Ronda Churchill / AFP)

“Painted in January 1938, the portrait of his beloved muse Marie-Therese Walter stands as a crowning achievement amid one of Picasso’s most inspired and productive periods,” Sotheby’s said in a Tweet.

Two iconic portraits from the last years of the painter’s life were also sold: “Homme et enfant” (“Man and child”) — for $24.4 million — and “Buste d’homme” (“Bust of Man”) — at $9.5 million — which sold below its estimated starting price of 10 million.

Other works sold include ceramics, several works on paper and a number of still lifes.

by AFP

Pablo Picasso’s “La Fenetre de l’atelier La Californie,” (L) “Buste d’homme,” (C) and “Nature morte aux fleurs et au compotier” (R). (Photo by Ronda Churchill / AFP)


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