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  • A NEW RECORD PRICE FOR A CUBIST MASTERPIECE

    FEMME ASSISE

    FEMME ASSISE

    Pablo Picasso’s Cubist masterpiece Femme assise sold for £43.3 million at Sotheby’s in London tonight.  This is a new record price for any Cubist work at auction and the highest price for any work sold in London in over five years.

    Femme assise of 1909 came to the market tonight having remained in a private collection since 1973 when it was acquired for £340,000. The sale also saw a record for a portrait by Amedeo Modigliani, as Jeanne Hébuterne (au foulard) of 1919 mde £38.5 million, the second-highest price for a painting sold in London in over five years. The evening sale of  Impressionist & Modern Art at Sotheby’s totalled £103,280,000.

    The price paid for Femme Assise was the highest price in London since the sale of Alberto Giacometti’s Walking Man I at Sotheby’s London in 2010 for £65 million.

    (See posts on antiquesandartireland.com for June 5 and May 17, 2016 and World Sculpture Price Records)

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