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Picasso artworks auctioned for combined $109M in Las Vegas – Las Vegas, Nevada

Las Vegas, Nevada 2021-10-24 14:46:00 –

Wade Vandervolt

Painting of pottery by Pablo Picasso at the Bellagio Museum on Tuesday, October 19, 2021.

Eleven Pablo Picasso artworks were sold at an auction in Las Vegas for a total of $ 109 million to coincide with the artist’s 140th birthday.

Nine paintings and two pottery have been on display at the Picasso Restaurant at the Bellagio Museum for over 20 years. Owner MGM Resorts decided to sell them earlier this year..

The Saturday event was hosted by Sotheby’s and was the first time a well-known auction house had an evening marquee sale in North America outside the New York sale room. Featured on Picasso’s artwork from 1917 to 1969.

According to auction officials, Picasso’s 1938 portrait of Marie-Thérèse Walter “Femmeaubé retrouge-orange” (“a woman in a reddish orange hat”) sold for $ 40.5 million after the bidding battle. It is well above the estimated $ 20 to $ 30. a million.

The painting was last sold at an auction for about $ 900,000 in the 1980s, was acquired by casino mogul Steve Wynn in 1998, and became the property of MGM Resort when the company purchased Mirage Resort from Win. ..

At the Picasso auction, two cubist-inspired still lifes from the early 1940s during World War II were also on display, with “Nature morte au panier de Fruits et aux fleurs” for $ 16.6 million and “Nature morte”. The aux fleurs et au compotier was sold for $ 8.3 million. ..

The 1959 work “Om et Enfant”, about 2 meters high, sold for $ 24.4 million.

Picasso lived from 1881 to 1973 and spent most of his adulthood in France.

Picasso is said to have produced more than 13,000 paintings for over 70 years as an active artist.

According to the organizers, the auction lasted about 45 minutes, with about 150 participants, some sitting in gold-framed chairs.

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