The eleven Picasso masterworks from the MGM Resorts collection made a total of $108,873,350 at a Sotheby’s sale in Las Vegas last night which was livestreamed around the world. Femme au beret rouge orange which features Picasso’s lover and muse Marie-Thérèse Walter made $40,479,000 over a top estimate of $30 million. Homme et enfant made $24,393,000 and Nature Morte au panier de fruits et aux fleurs made $16,637,350. The Sotheby’s auction was held at the Bellagio hotel in Las Vegas, where the works had been on display in the Picasso Restaurant for years. Picasso was born on October 25 exactly 140 years ago. MGM Resorts plans to diversity its collection to include more art from women, people of colour and emerging nations as well as from LGBTQ artists and artists with disabilities.
(See post on antiquesandartireland.com for August 11, 2021)
