Eleven pieces by malagueño Pablo Picasso they sold at auction for nearly 110 million dollars (over 94 million euros). The works have been on display at the Las Vegas hotel for over two decades. In particular, they were at Picasso’s restaurant in Bellagio Hotel from Las Vegas and owned by MGM Resorts. The company has announced an auction to diversify its art collection.
The lot includes nine paintings and two ceramic works related to different periods of the artist’s work, including work. Woman with orange beretIt was the most expensive after it sold for $ 40.5 million (almost € 35 million). The painting, dated 1938, depicts Picasso’s beloved and muse Marie-Theresa Walter, and its previously estimated price was between $ 20 million and $ 30 million.
Portrait Man and boy It sold for $ 24.4 million. “This work from 1959, almost six feet high, is an impressive example of Picasso’s achievements at this important stage in his career,” Sotheby’s reported. It was also sold Still life with fruit vase and flowerswritten during the Nazi occupation of Paris in 1942. Its price was $ 16.6 million. “Despite the destruction and hardships of World War II, the years between 1940 and 1944 were some of the richest years for Picasso’s work.“, – stressed Sotheby’s.
The collection at auction was launched over 20 years ago by casino owner Steve Wynn, former owner of the Bellagio Hotel. The hotel now wants to buy more works by women, minority artists and developing countries.… The sales record for a Picasso painting is $ 179.4 million (€ 154 million). Algerian woman in 2015.