In a major push to focus on diversity and inclusion MGM Resorts plans to sell its Picasso’s. MGM Resorts and Sotheby’s will present a one of a kind marquee evening sale of Picasso masterworks worth millions live from Bellagio in Las Vegas on October 23. The world renowned entertainment company plans to re-shape its public art portfolio. The unique collaboration between Sotheby’s and MGM represents the first time Sotheby’s has hosted a marquee sale in North America outside its signature New York venue. It will feature a recreated version of the New York saleroom in Las Vegas. The sale will be broadcast around the world via a livestream viewable on Sothebys.com
Featuring 11 works that showcase the range and breadth of Pablo Picasso’s celebrated career, the auction includes a highly curated selection of paintings, works on paper, and ceramics that span more than 50 years of artistic output from 1917 to 1969. The highlight of the collection is Femme au béret rouge-orange ($20/30 million), one of Picasso’s defining portraits of Marie-Thérèse Walter. The artist’s muse and lover inspired many of his most iconic portraits of the 1930’s.
Painted January 14, 1938 Oil and ripolin on canvas
© 2021 Estate of Pablo Picasso / Artists Rights Society (ARS), New York. UPDATE: THIS MADE $40,479,000