New Delhi: 11 of his paintings and other works fetched more than $100 million at an auction in Las Vegas on Saturday, two days before Spanish artist Pablo Picasso’s 140th birthday on October 25, the report said.
The works were being held at the Bellagio Hotel in Las Vegas for years, and auctions by Sotheby’s and MGM Resorts Fine Art Collection were held at the same location on Saturday.
Five paintings sold at Saturday’s auction adorn the walls of Picasso, the fine dining restaurant at the Bellagio Hotel. Twelve other works of the artist will continue to be exhibited in the restaurant.
1938 painting sold for $40.5 million
The 1938 painting, “Femme au Beret Rouge-Orange”, by Picasso’s lover and muse Marie-Thérse Walter, received the highest price as it sold for $40.5 million, about $10 above pre-sale estimates. million more. This work is considered by Picasso to be one of the last great paintings of Marie-Therese Walter.
Sotheby’s did not disclose the names of the buyers of any of the works.
The large-scale portraits “Man and Child” and “Bust of Man” were auctioned for $24.4 million and $9.5 million respectively, while a smaller work on ceramics, “Le d’Juneur Surherbe”, sold for $2.1 million.
According to Sotheby’s, both “Homme et Enfant” and “Bust d’homme” were shown at the historic 1970 exhibition at the Palais des Papes in Avignon.
Also on the auction list were “Nature Morte aux Fleurs et au Compotier” and “Still Life with a Basket of Fruits and Flowers” – two Cubist-inspired stills painted during Picasso’s period of isolation in Paris during World War II. Life.
Saturday’s event, which Sothroby’s described as “the first evening sale of its kind of masterwork by an iconic artist,” marked the largest fine art auction ever to take place in Las Vegas.
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