Home LifestyleArt Picasso’s ‘Woman with a Watch’ fetches $139m at Sotheby’s

Sotheby’s in New York achieved a remarkable sale on Wednesday night, as Pablo Picasso’s renowned masterpiece, “Woman with a Watch,” fetched an impressive $139.3 million at auction. This amount stands as the second-highest price ever realized for the iconic artist.

Painted in 1932, the masterpiece portrays one of Picasso’s muses and companions, the French painter Marie-Therese Walter. Sotheby’s had valued the artwork at over $120 million before it went under the hammer. The sale was part of a special auction featuring pieces from the collection of Emily Fisher Landau, a prominent New York patron of the arts who passed away this year at the age of 102.

Julian Dawes, Sotheby’s head of impressionist and modern art, hailed Picasso’s canvas as “a masterpiece by every measure.” He described the 1932 painting, created during Picasso’s remarkable “annus mirabilis,” as exuding joyful and passionate abandon while maintaining a meticulous and resolved quality.

Marie-Therese Walter, often considered Picasso’s “golden muse,” is featured in another work, “Femme endormie” (“Sleeping Woman”), scheduled for auction at Christie’s on Thursday with an estimated value of $25-$35 million.

Walter and Picasso’s relationship began in 1927 when they met in Paris, a period during which Picasso was still married to Russian-Ukrainian ballet dancer Olga Khokhlova, and Walter was 17. Another piece, “Femme assise pres d’une fenetre (Marie-Therese),” featuring Walter, was sold in 2021 for $103.4 million by Christie’s.

Despite Picasso’s enduring influence as an artistic genius, allegations of a violent hold over the women who influenced his art have tarnished his reputation in the wake of the #MeToo movement. Sotheby’s aims to achieve approximately $400 million in sales from Landau’s collection, which includes works by other notable artists such as Jasper Johns, Willem de Kooning, Mark Rothko, and Andy Warhol.

Shayne Heffernan

You may also like


Your Trusted Source for Capital Markets & Related News

© 2023 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.