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Picasso painting sold for $ 67.5 million at New York auction – SABC News

Pablo Picasso’s 1932 painting “Femme nue couchée” sold for $ 67.5 million on Tuesday at its auction debut at Sotheby’s in New York, the most recent major sale at auction for blue-chip art.

The eight-figure sale price comes a week after Andy Warhol’s 1964 Marilyn Monroe portrait on silk screens raised $ 195 million from Christie’s, setting a record for a work by an American artist sold at auction.

Auction House Sotheby’s had predicted that the Picasso painting, a surrealistic image of his muse Marie-Thérèse Walter, would sell for more than $ 60 million.

Tuesday’s price falls short of other portraits of Marie-Thérèse, one of which raised $ 103.4 million at Christie’s last year.

“Femme nue couchée” which translates from French to “Nade lying woman,” shows Marie-Thérèse Walter as a sea animal with many limbs with her head back in profile. Her love for swimming and her grace in the water inspired the designation at sea, because Picasso himself could not swim, according to Sotheby’s.

Marie-Thérèse was 17 years old when she met the 45-year-old Picasso in Paris. They started a secret relationship while he was still married to his first wife, the Russian-Ukrainian ballet dancer Olga Khokhlova.

Marie-Thérèse became his model for a number of paintings and sculptures and gave life to his daughter, Maya Widmaier-Picasso.

“Femme nue couchée” was born out of a particularly creative and pivotal year for Picasso. New 50, he had already gained widespread fame by 1932, but strengthened his ambitions to silence critics who asked “whether he was an artist of the past instead of the future,” according to the Tate Modern museum.

Amy Cappellazzo, the former head of Sotheby’s global division for fine art, bought the painting at Sotheby’s Modern Evening Sale in New York. She left the auction house last year.

The seller bought the work in 2008 from Picasso’s heirs, who had held it for decades, according to Sotheby’s. Industry publication Artnet identified the seller as hedge fund billionaire and New York Mets owner Steve Cohen.

A 1908 oil painting by Claude Monet with a view of Venice, Italy, also sold for $ 56.6 million on Tuesday.

Picasso painting sold for $ 67.5 million at New York auction – SABC News

Source link Picasso painting sold for $ 67.5 million at New York auction – SABC News

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