The most expensive lot was the canvas “Woman with a red-orange cap.”
The works of the founder of Cubism, Pablo Picasso (1881-1973), were sold on Sunday for $ 108.9 million in Las Vegas (Nevada). The organizers of the auction from Sotheby’s announced this.
Eleven works were presented at the auction, “which until recently were exhibited in the Picasso restaurant at the Bellagio Hotel,” according to a statement posted on the house’s website. The auction, organized by Sotheby’s and the American company MGM Resorts, was held at the Bellagio Hotel-casino in Las Vegas.
The proceeds from the sale of nine of the 11 paintings significantly exceeded the expectations of the house. The most expensive lot was the canvas “Woman with a red-orange cap” (Femme au beret rouge-orange, 1938), which depicts the model Marie-Therese Walter. The portrait, estimated at $30 million, went under the hammer for $40.479 million.
The paintings “Breakfast on the grass” (Le Dejeuner sur l’herbe, 1962), “Bust of man” (Buste d’homme, 1969), “Man and Child” (Homme et enfant, 1969), “Still Life with a basket of fruits and flowers” (Nature morte au panier de fruits et aux fleurs, 1942), “Still Life with flowers and a vase of fruit” (Nature morte aux fleurs et au compotier, 1943). The canvases were “complemented by ceramic products and two unsurpassed ink drawings on paper.” All these lots belonged to MGM Resorts.