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

The eight-figure sale price comes a week after Marilyn Monroe’s silk-screen portrait of Andy Warhol was sold at Christie’s in 1964 for $ 195 million, setting a record for the work of the American artist sold at auction.

Sotheby’s auction house predicted that Picasso’s painting, a surreal depiction of his muse Marie-Thérèse Walter, would sell for more than $ 60 million.

Tuesday’s price doesn’t match the rest of Marie-Teresa’s portraits, one of which was sold at Christie’s auction last year for $ 103.4 million.

“Femme nue couchée,” which translates from French to “Naked Lying Woman,” shows Marie-Thérèse Walter in the form of a multi-legged sea creature with its head tilted back in profile. Her love of swimming and her grace in the water inspired a hint of the sea, because Picasso himself could not swim, according to Sotheby’s.

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

Maria Theresa became his model for a number of paintings and sculptures and gave birth to his daughter My Widmaier-Picasso.

“Femme nue couchée” was born from a particularly creative and pivotal year for Picasso. At the age of 50, he had already gained widespread notoriety in 1932, but raised his ambitions to silence critics who questioned “whether he was an artist of the past, not the future,” according to the Tate Modern.

Amy Capellazzo, former head of Sotheby’s global fine arts department, purchased the painting at Sotheby’s Modern Evening Sale in New York City. She left the auction house last year.

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

Claude Monet’s 1908 oil painting, which shows a view of Venice, Italy, also sold on Tuesday for $ 56.6 million.

Source by [author_name]

Previous articleThe proptech SA revolution is about to begin
Next articlePizza Massimone and his agent announce a big move