Picasso nude portrait fetches $67 million. at auction ‘Picture’

Picasso nude portrait fetches $67 million. at auction
Picasso nude portrait fetches $67 million. at auction

A Picasso picture of a cabaret artist, which carries a second painting on the reverse, sold for $67.45 million in New York Thursday.

A 19-year-old Picasso, battling depression after the death of his friend Carlos Casagema, painted the powerfully erotic and introspective work shortly after his arrival in Paris.

The portrait of a nude cabaret performer is also special as it comes with a portrait of Picasso’s friend Pere Mañach on the reverse of the canvas.

Meanwhile, French impressionist artist Claude Monet’s iconic Water Lilies (1908), estimated at $50 million, only managed to bring in $33 million.

The painting, which shows nature and its reflection, is valued for its sophisticated technique and colorful virtuosity.

Both La Gommeuse and Water Lilies come from the collection of collector William I. Koch and, in fact, were hung together in the American philanthropist’s salon.

The third big seller at the auction was Vincent Van Gogh’s Paysage sous un ciel mouvementé (1889) from the collection of Louis & Evelyn Franck that met its pre-sale estimate of $48 million.

The work, from one of the most fruitful periods of the Dutch artist, like The Starry Night, is a landscape with two opposing sections of color and darkness.

The auction house, which had put 47 paintings under the hammer, managed to sell René Magritte’s Le Maitre d’ecole (1955) for $5.8 million, and Wassily Kandinsky’s Ohne Titel (1923) for $5 million, well above their estimated price.

However, Kazimir Malevich’s Mystic Suprematism (1920), sold for a lower-than-expected $33 million.

In all, the sales at the auction met expectations more than the auction of collector Alfred Taubman’s legacy Wednesday night.

Sportact Editors and Wire Services