{"id":820,"date":"2021-06-09T08:44:00","date_gmt":"2021-06-09T00:44:00","guid":{"rendered":"https:\/\/www.atelierauction.com\/globalupdates\/?p=820"},"modified":"2021-06-08T10:54:06","modified_gmt":"2021-06-08T02:54:06","slug":"the-most-expensive-artworks-by-pablo-picasso-ever-sold-at-auction","status":"publish","type":"post","link":"https:\/\/www.atelierauction.com\/globalupdates\/artist\/the-most-expensive-artworks-by-pablo-picasso-ever-sold-at-auction\/","title":{"rendered":"The Most Expensive Artworks by Pablo Picasso Ever Sold at Auction"},"content":{"rendered":"<p>Over the course of seven decades, <a href=\"https:\/\/www.atelierauction.com\/globalupdates\/\">Pablo Picasso<\/a> maintained prolific periods of artistic output that cemented his status as the one of most coveted artists of all time. The modernist\u2019s most prized paintings derive from various stages in his life: the early-career Rose and Blue periods and his groundbreaking experiments in Cubism, through his output in the years leading up to and during World War II up to the late 1960s, when he was already world famous.<\/p>\n<p>Central to Picasso\u2019s oeuvre are portraits of his various muses: Marie-Th\u00e9r\u00e8se Walter, Dora Maar, <a href=\"https:\/\/www.atelierauction.com\/globalupdates\/\">Fran\u00e7oise Gilot<\/a>, and Jacqueline Roque, each of whom the artist had a series of complicated affairs. These portraits, which range from sensual to tormented, have become some of the most recognizable in art history.<\/p>\n<p>In the years since his death in 1973, Picasso\u2019s stature as an artist elevated to the highest ranks, with some of his works going for more than $100 million in public auctions and reportedly at even higher sums in private deals. Currently, he remains the top-grossing artist at auction worldwide, raking in $245 million across 3,400 lots in 2020 alone. \u201cHe is in many ways the gold standard of the art market,\u201d said dealer Larry Gagosian in an interview with\u00a0<i>ARTnews.<\/i>\u00a0\u201c<a href=\"https:\/\/www.atelierauction.com\/globalupdates\/\">I think he\u2019ll remain that way for the foreseeable future<\/a>.\u201d Below, a look at the top auction sales of works by the Spanish master.<\/p>\n<div id=\"pmc-gallery-vertical\">\n<div class=\"c-gallery-vertical\">\n<div class=\"c-gallery-vertical__slides\">\n<div class=\"c-gallery-vertical__slide-wrapper\" data-slide-id=\"1234595073\" data-slide-index=\"0\" data-slide-position-display=\"10\">\n<article class=\"c-gallery-vertical-featured-image\">\n<h3 class=\"c-gallery-vertical-featured-image__header\"><span class=\"c-gallery-vertical-featured-image__number\">10 <\/span><em style=\"color: #111111; font-family: Roboto, sans-serif; font-size: 27px;\">Femme assise<\/em><span style=\"color: #111111; font-family: Roboto, sans-serif; font-size: 27px;\">, 1909<\/span><\/h3>\n<figure class=\"c-gallery-vertical-featured-image__figure c-gallery-slide--loaded c-gallery-vertical-featured-image__figure--loaded\" role=\"presentation\"><img loading=\"lazy\" decoding=\"async\" class=\"c-gallery-vertical-featured-image__image u-gallery-react-placeholder-shimmer\" src=\"https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/06\/Sothebys-e1623091459460.jpg?w=800\" sizes=\"auto, (max-width: 414px) 414px, (max-width: 1024px) 800px, (max-width: 1440px) 849px, (max-width: 2560px) 849px\" srcset=\"https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/06\/Sothebys-e1623091459460.jpg?w=320 320w, https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/06\/Sothebys-e1623091459460.jpg?w=640 640w, https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/06\/Sothebys-e1623091459460.jpg?w=800 800w, https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/06\/Sothebys-e1623091459460.jpg?w=849 849w, https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/06\/Sothebys-e1623091459460.jpg?w=849 849w\" alt=\"Picasso portrait\" width=\"807\" height=\"575\" \/><\/p>\n<div class=\"c-gallery-vertical-featured-image__share-icons\" style=\"text-align: center;\"><span class=\"c-gallery-vertical-slide__photo-credit-text\">Photo<\/span><span class=\"c-gallery-vertical-slide__colon\">:\u00a0<\/span><span class=\"c-gallery-vertical-slide__photo-credit\">Sotheby&#8217;s\u00a0 <\/span><strong>Sold for: $63 million<\/strong><\/div>\n<\/figure>\n<div class=\"c-gallery-vertical-featured-image__description\">\n<p><em>Femme Assise<\/em>\u00a0depicts French artist and model Fernande Olivier, who went with Picasso to a remote village in Spain during the summer of 1909. While there, she posed for number of his pictures.<\/p>\n<p>One of the few early Picasso Cubist works still in private hands, it sold for \u00a343.2 million ($63.4 million) at a Sotheby\u2019s London evening sale in 2016, where it exceeded the $43.1 million pre-sale estimate. The painting\u2019s anonymous seller, who held onto the work for four decades, bought\u00a0<em>Femme Assise<\/em>\u00a0in 1974 at Sotheby\u2019s for \u00a3340,000 ($486,000). A telephone bidder with Adam Chinn, Sotheby\u2019s former head of Art Agency, Partners, won the work during Sotheby\u2019s London auction in 2016.<\/p>\n<p>With many of Picasso\u2019s early Cubist works in museum collections,\u00a0<em>Femme Assise<\/em>\u00a0was a rarity on the open market at the time. \u201cThere hasn\u2019t been a painting of this importance at auction in potentially a generation,\u201d Helena Newman, Sotheby\u2019s head of Impressionist and modern art in London, said at the time.<\/p>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-gallery-vertical__slide-wrapper\" data-slide-id=\"1234595070\" data-slide-index=\"1\" data-slide-position-display=\"9\">\n<article class=\"c-gallery-vertical-featured-image\">\n<h3 class=\"c-gallery-vertical-featured-image__header\"><span class=\"c-gallery-vertical-featured-image__number\">9<\/span><em style=\"color: #111111; font-family: Roboto, sans-serif; font-size: 27px;\">Buste de femme (Femme \u00e0 la r\u00e9sille)<\/em><span style=\"color: #111111; font-family: Roboto, sans-serif; font-size: 27px;\">, 1938<\/span><\/h3>\n<figure class=\"c-gallery-vertical-featured-image__figure c-gallery-slide--loaded c-gallery-vertical-featured-image__figure--loaded\" role=\"presentation\"><img loading=\"lazy\" decoding=\"async\" class=\"c-gallery-vertical-featured-image__image u-gallery-react-placeholder-shimmer aligncenter\" src=\"https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/06\/Screen-Shot-2021-06-07-at-10.16.45-AM-e1623087850826.png?w=509\" sizes=\"auto, (max-width: 414px) 414px, (max-width: 1024px) 652px, (max-width: 1440px) 652px, (max-width: 2560px) 652px\" srcset=\"https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/06\/Screen-Shot-2021-06-07-at-10.16.45-AM-e1623087850826.png?w=204 204w, https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/06\/Screen-Shot-2021-06-07-at-10.16.45-AM-e1623087850826.png?w=407 407w, https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/06\/Screen-Shot-2021-06-07-at-10.16.45-AM-e1623087850826.png?w=509 509w, https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/06\/Screen-Shot-2021-06-07-at-10.16.45-AM-e1623087850826.png?w=652 652w, https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/06\/Screen-Shot-2021-06-07-at-10.16.45-AM-e1623087850826.png?w=772 772w\" alt=\"Femme Au B\u00e9ret Et \u00c0 La Robe Quadrill\u00e9e (Marie-th\u00e9r\u00e8se Walter)1937\" width=\"488\" height=\"575\" \/><\/p>\n<div class=\"c-gallery-vertical-featured-image__share-icons\" style=\"text-align: center;\"><span class=\"c-gallery-vertical-slide__photo-credit-text\">Photo<\/span><span class=\"c-gallery-vertical-slide__colon\">\u00a0:\u00a0<\/span><span class=\"c-gallery-vertical-slide__photo-credit\">Sotheby&#8217;s\u00a0 \u00a0 <\/span><strong>Sold for: $67.4 million<\/strong><\/div>\n<\/figure>\n<div class=\"c-gallery-vertical-featured-image__description\">\n<p>Picasso\u2019s vibrant red portrait of\u00a0 photographer Dora Maar from 1938 measures at only 25\u215d\u00a0 by 21\u00bc inches. Auctioned by Christie\u2019s New York in May 2015 during the house\u2019s \u201cLooking Forward to the Past\u201d sale, it went for $67.4 million to an anonymous buyer, surpassing its $55 million estimate.<\/p>\n<p>Consigned by Las Vegas casino mogul and top collector Steve Wynn, the work was the third highest sale of the night, which realized the record-setting sale of Picasso\u2019s Delacroix-inspired\u00a0<em>Les femmes d\u2019Alger<\/em>\u00a0\u2018Version O\u2019 (1955) for $179.4 million. Before it was acquired by Wynn, it passed through the hands of the artist\u2019s granddaughter Marina Picasso and Geneva modern art dealer Jan Krugier.<\/p>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-gallery-vertical__slide-wrapper\" style=\"text-align: center;\" data-slide-id=\"1234595058\" data-slide-index=\"2\" data-slide-position-display=\"8\">\n<article class=\"c-gallery-vertical-featured-image\">\n<h3 class=\"c-gallery-vertical-featured-image__header\" style=\"text-align: left;\"><span class=\"c-gallery-vertical-featured-image__number\">8<\/span><em style=\"color: #111111; font-family: Roboto, sans-serif; font-size: 27px;\">La gommeuse<\/em><span style=\"color: #111111; font-family: Roboto, sans-serif; font-size: 27px;\">, 1901<\/span><\/h3>\n<figure class=\"c-gallery-vertical-featured-image__figure c-gallery-slide--loaded c-gallery-vertical-featured-image__figure--loaded\" role=\"presentation\"><img loading=\"lazy\" decoding=\"async\" class=\"c-gallery-vertical-featured-image__image u-gallery-react-placeholder-shimmer aligncenter\" src=\"https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/06\/picasso-gommeuse-e1623089496467.jpeg?w=393\" sizes=\"auto, (max-width: 414px) 414px, (max-width: 1024px) 420px, (max-width: 1440px) 420px, (max-width: 2560px) 420px\" srcset=\"https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/06\/picasso-gommeuse-e1623089496467.jpeg?w=157 157w, https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/06\/picasso-gommeuse-e1623089496467.jpeg?w=314 314w, https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/06\/picasso-gommeuse-e1623089496467.jpeg?w=393 393w, https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/06\/picasso-gommeuse-e1623089496467.jpeg?w=420 420w, https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/06\/picasso-gommeuse-e1623089496467.jpeg?w=420 420w\" alt=\"Picasso Portrait\" width=\"376\" height=\"575\" \/><span class=\"c-gallery-vertical-slide__photo-credit-text\"> Photo<\/span><span class=\"c-gallery-vertical-slide__colon\">\u00a0:\u00a0<\/span><span class=\"c-gallery-vertical-slide__photo-credit\">Sotheby&#8217;s\u00a0 \u00a0 <\/span><strong style=\"text-align: center;\">Sold for: $67.5 million<\/strong><\/figure>\n<\/article>\n<p>&nbsp;<\/p>\n<p style=\"text-align: left;\"><span style=\"text-align: left;\">Bearing a second painting on the reverse, Picasso\u2019s rare double-sided canvas, <\/span><em style=\"text-align: left;\">La gommeuse\u00a0<\/em><span style=\"text-align: left;\">(1901) was painted when he was only 19 years old. The artist created the picture while he was grieving his friend and fellow artist Carles Casagemas, who had recently died by suicide.<\/span><\/p>\n<article class=\"c-gallery-vertical-featured-image\">\n<div class=\"c-gallery-vertical-featured-image__description\">\n<p style=\"text-align: left;\">The work sold for $67.45 million (<a href=\"https:\/\/www.atelierauction.com\/globalupdates\/\">including the buyer\u2019s premium<\/a>) at Sotheby\u2019s New York in November 2015, though it hammered below its pre-sale estimate of $60 million. The painting\u2019s seller American billionaire Bill Koch had purchased it for $3 million in 1984 at auction.<\/p>\n<p style=\"text-align: left;\">It wasn\u2019t until 2000 while the work was being conserved that a hidden portrait mocking Picasso\u2019s friend and patron Pere Ma\u00f1ach was discovered. Before Koch owned it,\u00a0<em>La gommeuse\u00a0<\/em>had passed through the hands of esteemed French art dealer Ambroise Vollard, New York dealer Lucien Demotte, and American film director Josef von Sternberg, who bought it in 1935 and sold it in 1949 at Sotheby\u2019s for $3,600.<\/p>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-gallery-vertical__slide-wrapper\" style=\"text-align: center;\" data-slide-id=\"1234595054\" data-slide-index=\"3\" data-slide-position-display=\"7\">\n<article class=\"c-gallery-vertical-featured-image\">\n<h3 class=\"c-gallery-vertical-featured-image__header\" style=\"text-align: left;\"><span class=\"c-gallery-vertical-featured-image__number\">7<\/span><em style=\"color: #111111; font-family: Roboto, sans-serif; font-size: 27px;\">Femme au b\u00e9ret et \u00e0 la robe quadrill\u00e9e (Marie-Th\u00e9r\u00e8se Walter)<\/em><span style=\"color: #111111; font-family: Roboto, sans-serif; font-size: 27px;\">, 1937<\/span><\/h3>\n<figure class=\"c-gallery-vertical-featured-image__figure c-gallery-slide--loaded c-gallery-vertical-featured-image__figure--loaded\" role=\"presentation\"><img loading=\"lazy\" decoding=\"async\" class=\"c-gallery-vertical-featured-image__image u-gallery-react-placeholder-shimmer aligncenter\" src=\"https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/06\/Screen-Shot-2021-06-07-at-10.36.05-AM.png?w=513\" sizes=\"auto, (max-width: 414px) 414px, (max-width: 1024px) 657px, (max-width: 1440px) 657px, (max-width: 2560px) 657px\" srcset=\"https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/06\/Screen-Shot-2021-06-07-at-10.36.05-AM.png?w=205 205w, https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/06\/Screen-Shot-2021-06-07-at-10.36.05-AM.png?w=410 410w, https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/06\/Screen-Shot-2021-06-07-at-10.36.05-AM.png?w=513 513w, https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/06\/Screen-Shot-2021-06-07-at-10.36.05-AM.png?w=657 657w, https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/06\/Screen-Shot-2021-06-07-at-10.36.05-AM.png?w=874 874w\" alt=\"Picasso portrait\" width=\"492\" height=\"575\" \/><span class=\"c-gallery-vertical-slide__photo-credit-text\">Photo<\/span><span class=\"c-gallery-vertical-slide__colon\">\u00a0:\u00a0<\/span><span class=\"c-gallery-vertical-slide__photo-credit\">Sotheby&#8217;s\u00a0 \u00a0<\/span><strong>Sold for: $68.7 million<\/strong><\/figure>\n<p>&nbsp;<\/p>\n<div class=\"c-gallery-vertical-featured-image__description\">\n<p style=\"text-align: left;\">Made in the same year in which Picasso created his famed\u00a0<em>Guernica<\/em>\u00a0and\u00a0<em>The Weeping Woman<\/em>\u00a0amid the tumultuous years of the Spanish civil war,\u00a0<em>Femme au b\u00e9ret<\/em>\u00a0depicts a more joyous image of his muse Marie-Th\u00e9r\u00e8se Walter in a blue outfit set against a bright red background.<\/p>\n<p style=\"text-align: left;\">The painting made its auction debut during a Sotheby\u2019s Impressionist and modern art sale in London. At that February 2018 sale, the work went for \u00a349.8 million ($68.7 million); the winning bidder was Harry Smith, the London-based chairman of the art advisory firm Gurr Johns, who purchased it along with three other Picassos from the sale. It had changed hands only once before that auction: after Picasso\u2019s death in 1973, his estate sold it to an unknown private collector.<\/p>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-gallery-vertical__slide-wrapper\" data-slide-id=\"1234595046\" data-slide-index=\"4\" data-slide-position-display=\"6\">\n<article class=\"c-gallery-vertical-featured-image\">\n<h3 class=\"c-gallery-vertical-featured-image__header\"><span class=\"c-gallery-vertical-featured-image__number\">6<\/span><em style=\"color: #111111; font-family: Roboto, sans-serif; font-size: 27px;\">Dora Maar au chat<\/em><span style=\"color: #111111; font-family: Roboto, sans-serif; font-size: 27px;\">, 1941<\/span><\/h3>\n<figure class=\"c-gallery-vertical-featured-image__figure c-gallery-slide--loaded c-gallery-vertical-featured-image__figure--loaded\" role=\"presentation\"><img loading=\"lazy\" decoding=\"async\" class=\"c-gallery-vertical-featured-image__image u-gallery-react-placeholder-shimmer\" src=\"https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/06\/Dora-Maar-au-Chat-e1623085624519.jpeg?w=700\" sizes=\"auto, (max-width: 414px) 414px, (max-width: 1024px) 700px, (max-width: 1440px) 700px, (max-width: 2560px) 700px\" srcset=\"https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/06\/Dora-Maar-au-Chat-e1623085624519.jpeg?w=320 320w, https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/06\/Dora-Maar-au-Chat-e1623085624519.jpeg?w=640 640w, https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/06\/Dora-Maar-au-Chat-e1623085624519.jpeg?w=700 700w, https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/06\/Dora-Maar-au-Chat-e1623085624519.jpeg?w=700 700w, https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/06\/Dora-Maar-au-Chat-e1623085624519.jpeg?w=700 700w\" alt=\"Picasso Portrait\" width=\"700\" height=\"449\" \/><\/p>\n<div class=\"c-gallery-vertical-featured-image__share-icons\" style=\"text-align: center;\"><span class=\"c-gallery-vertical-slide__photo-credit-text\">Photo<\/span><span class=\"c-gallery-vertical-slide__colon\">\u00a0:\u00a0<\/span><span class=\"c-gallery-vertical-slide__photo-credit\">Christie&#8217;s\u00a0 <\/span><strong>Sold for: $95.2 million<\/strong><\/div>\n<div><\/div>\n<\/figure>\n<div class=\"c-gallery-vertical-featured-image__description\">\n<p>Hidden from the public for more than 40 years,\u00a0<a href=\"https:\/\/www.facebook.com\/AtelierAuctionsg\"><em>Dora Maar au chat<\/em><\/a>\u00a0(1941) depicts Picasso\u2019s muse Surrealist photographer Dora Maar seated at center in a chair with a black cat on her shoulder. The painting was first acquired by Paris dealer Pierre Colle first in 1946 and was later owned by Chicago collectors Leigh and Mary Block.<\/p>\n<p>In 2006, Chicago\u2019s Gidwitz family decided to auction the painting at Sotheby\u2019s New York, where it sold for $95.2 million, almost twice the $50 million low estimate. Sotheby\u2019s granted the family a $53 million guarantee in order to secure the painting, a rarity at the time.<\/p>\n<p>At the evening sale, five bidders competed for the work, reportedly among them were Casino magnate Steve Wynn, Ohio retailer Leslie Wexner, and the later Microsoft co-founder Paul Allen. But the portrait of Maar went instead to an eager bidder in the room wielding a paddle with the number 1340, in an unusually visible move for a transaction of that level at a marquee auction.<\/p>\n<p>The sale drew speculation as to the true identity of the winning bidder, with many speculating that it could be an ultra-wealthy collector from Russia. Ultimately, it was revealed that Georgian politician and mining tycoon Bidzina Ivanishvili was the buyer. At the time, Ivanishvili was preparing to run for the country\u2019s election for Prime Minister. New to the art world at the time, <a href=\"https:\/\/www.facebook.com\/AtelierAuctionsg\">Ivanisvhili<\/a> has a modern and contemporary art collection worth $1 billion, most of which he keeps in storage in London, with replicas of his masterpieces adorning his Georgian residence.<\/p>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-gallery-vertical__slide-wrapper\" data-slide-id=\"1234595043\" data-slide-index=\"5\" data-slide-position-display=\"5\">\n<article class=\"c-gallery-vertical-featured-image\">\n<h3 class=\"c-gallery-vertical-featured-image__header\"><span class=\"c-gallery-vertical-featured-image__number\">5<\/span><em style=\"color: #111111; font-family: Roboto, sans-serif; font-size: 27px;\">Femme assise pr\u00e8s d&#8217;une fen\u00eatre (Marie-Th\u00e9r\u00e8se)<\/em><span style=\"color: #111111; font-family: Roboto, sans-serif; font-size: 27px;\">, 1932<\/span><\/h3>\n<figure class=\"c-gallery-vertical-featured-image__figure c-gallery-slide--loaded c-gallery-vertical-featured-image__figure--loaded\" role=\"presentation\"><img loading=\"lazy\" decoding=\"async\" class=\"c-gallery-vertical-featured-image__image u-gallery-react-placeholder-shimmer\" src=\"https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/04\/picasso-e1617716413660.jpg?w=750\" sizes=\"auto, (max-width: 414px) 414px, (max-width: 1024px) 800px, (max-width: 1440px) 900px, (max-width: 2560px) 900px\" srcset=\"https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/04\/picasso-e1617716413660.jpg?w=300 300w, https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/04\/picasso-e1617716413660.jpg?w=600 600w, https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/04\/picasso-e1617716413660.jpg?w=750 750w, https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/04\/picasso-e1617716413660.jpg?w=900 900w, https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/04\/picasso-e1617716413660.jpg?w=900 900w\" alt=\"Pablo Picasso, 'Femme assise pre\u0300s d'une fene\u0302tre (Marie-The\u0301re\u0300se)', 1932. An abstracted woman sits in a chair, her gaze directed at the viewer. Behind her is a window.\" width=\"719\" height=\"575\" \/><\/p>\n<div class=\"c-gallery-vertical-featured-image__share-icons\" style=\"text-align: center;\"><span class=\"c-gallery-vertical-slide__photo-credit-text\">Photo<\/span><span class=\"c-gallery-vertical-slide__colon\">\u00a0:\u00a0<\/span><span class=\"c-gallery-vertical-slide__photo-credit\">Christie&#8217;s\u00a0 \u00a0 <\/span><strong>Sold for: $103.4 million<\/strong><\/div>\n<\/figure>\n<div class=\"c-gallery-vertical-featured-image__description\">\n<p>Leading Christie\u2019s 20th-century art evening sale in New York in May 2020, <a href=\"https:\/\/www.facebook.com\/AtelierAuctionsg\">Picasso\u2019s\u00a0<\/a><em>Femme assise pr\u00e8s d\u2019une fen\u00eatre (Marie-Th\u00e9r\u00e8se)<\/em>\u00a0from 1932 sold for $103.4 million, almost double the $55 million pre-sale estimate. After a 19-minute long spar between six bidders, the painting finally sold to a bidder on the phone with Vanessa Fusco, Christie\u2019s co-head of the 20th-century art evening sale, in a moment that proved the art\u00a0 market had returned in full force after a period of economic lag caused by the coronavirus pandemic.<\/p>\n<p>Before its sale at Christie\u2019s, it was last exhibited at Paris\u2019s Picasso Museum showcase \u201cPicasso 1932, anne\u0301e e\u0301rotique<em>\u201d\u00a0<\/em>in 2017, alongside mega-collector Steven Cohen\u2019s 1932 Picasso portrait\u00a0<em>Le R\u00eave,\u00a0<\/em>which he purchased for $155 million in 2013. The following year,\u00a0<i>Femme assis<\/i>\u00a0went to the Tate Modern in London for an exhibition titled \u201cThe EY Exhibition: Picasso 1932, Love Fame Tragedy.\u201d<\/p>\n<p>The work is notable both for its large size, and in its unusual depiction of Picasso\u2019s muse, Marie-Th\u00e9r\u00e8se Walter, who is often portrayed as sleeping or dreaming. Here, she is sitting upright in a chair, as if enthroned with her gaze directed at the viewer. The most striking aspect of the piece, Fusco told\u00a0<em>ARTnews\u00a0<\/em>ahead of the sale, is\u00a0\u201cthe incredible presence of this woman and the agency which he\u2019s given her, which you don\u2019t always see in his depictions of her.\u201d<\/p>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-gallery-vertical__slide-wrapper\" data-slide-id=\"1234595008\" data-slide-index=\"6\" data-slide-position-display=\"4\">\n<article class=\"c-gallery-vertical-featured-image\">\n<h3 class=\"c-gallery-vertical-featured-image__header\"><span class=\"c-gallery-vertical-featured-image__number\">4<\/span><em style=\"color: #111111; font-family: Roboto, sans-serif; font-size: 27px;\">Gar\u00e7on \u00e0 la pipe<\/em><span style=\"color: #111111; font-family: Roboto, sans-serif; font-size: 27px;\">, 1905<\/span><\/h3>\n<figure class=\"c-gallery-vertical-featured-image__figure c-gallery-slide--loaded c-gallery-vertical-featured-image__figure--loaded\" role=\"presentation\"><img loading=\"lazy\" decoding=\"async\" class=\"c-gallery-vertical-featured-image__image u-gallery-react-placeholder-shimmer aligncenter\" src=\"https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/06\/Screen-Shot-2021-06-04-at-2.04.13-PM-e1623082943794.png?w=483\" sizes=\"auto, (max-width: 414px) 414px, (max-width: 1024px) 619px, (max-width: 1440px) 619px, (max-width: 2560px) 619px\" srcset=\"https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/06\/Screen-Shot-2021-06-04-at-2.04.13-PM-e1623082943794.png?w=193 193w, https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/06\/Screen-Shot-2021-06-04-at-2.04.13-PM-e1623082943794.png?w=387 387w, https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/06\/Screen-Shot-2021-06-04-at-2.04.13-PM-e1623082943794.png?w=483 483w, https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/06\/Screen-Shot-2021-06-04-at-2.04.13-PM-e1623082943794.png?w=619 619w, https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/06\/Screen-Shot-2021-06-04-at-2.04.13-PM-e1623082943794.png?w=800 800w\" alt=\"Picasso Portrait\" width=\"463\" height=\"575\" \/><\/p>\n<div class=\"c-gallery-vertical-featured-image__share-icons\" style=\"text-align: center;\"><span class=\"c-gallery-vertical-slide__photo-credit-text\">Photo<\/span><span class=\"c-gallery-vertical-slide__colon\">\u00a0:\u00a0<\/span><span class=\"c-gallery-vertical-slide__photo-credit\">Sotheby&#8217;s\u00a0 \u00a0<\/span><strong>Sold for: $104.2 million<\/strong><\/div>\n<\/figure>\n<div class=\"c-gallery-vertical-featured-image__description\">\n<p>Picasso\u2019s painting of a seated Parisian teenager smoking a pipe and wearing a crown of roses is a signature work from the artist\u2019s Rose Period and it is one of the works from this era that remains in private hands.<\/p>\n<p>In May 2004, the work was offered at an evening sale in New York by Sotheby\u2019s, alongside 33 other pieces from its owners Mr. and Mrs. John Hay Whitney to raise funds for the Greentree Foundation, the family\u2019s charitable organization. The anonymous bidder, who purchased it for $104.1 million (well above the $70 million pre-sale estimate), beat out six others who were vying for it that evening.<\/p>\n<p>The Whitneys had purchased it from a Zurich-based dealer for around $30,000 in 1950. The buyer is believed to have been Guido Barilla, the billionaire heir and chairman of the Barilla pasta company. When it sold in 2004,\u00a0<em>Gar\u00e7on \u00e0 la pipe<\/em>\u00a0became the most expensive ever sold at auction, beating out Van Gogh\u2019s\u00a0<em>Portrait of Dr. Gachet<\/em>\u00a0(1890), which had sold for $82.5 million in 1990.\u00a0<em>Gar\u00e7on \u00e0 la pipe\u00a0<\/em>held that record until May 2010.<\/p>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-gallery-vertical__slide-wrapper\" data-slide-id=\"1234595003\" data-slide-index=\"7\" data-slide-position-display=\"3\">\n<article class=\"c-gallery-vertical-featured-image\">\n<h3 class=\"c-gallery-vertical-featured-image__header\"><span class=\"c-gallery-vertical-featured-image__number\">3<\/span><em style=\"color: #111111; font-family: Roboto, sans-serif; font-size: 27px;\">Nude, Green Leaves and Bust<\/em><span style=\"color: #111111; font-family: Roboto, sans-serif; font-size: 27px;\">, 1932<\/span><\/h3>\n<figure class=\"c-gallery-vertical-featured-image__figure c-gallery-slide--loaded c-gallery-vertical-featured-image__figure--loaded\" role=\"presentation\"><img loading=\"lazy\" decoding=\"async\" class=\"c-gallery-vertical-featured-image__image u-gallery-react-placeholder-shimmer\" src=\"https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/06\/Picasso-Marie-e1623081423274.jpeg?w=800\" sizes=\"auto, (max-width: 414px) 414px, (max-width: 1024px) 800px, (max-width: 1440px) 800px, (max-width: 2560px) 800px\" srcset=\"https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/06\/Picasso-Marie-e1623081423274.jpeg?w=320 320w, https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/06\/Picasso-Marie-e1623081423274.jpeg?w=640 640w, https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/06\/Picasso-Marie-e1623081423274.jpeg?w=800 800w, https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/06\/Picasso-Marie-e1623081423274.jpeg?w=800 800w, https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/06\/Picasso-Marie-e1623081423274.jpeg?w=800 800w\" alt=\"Picasso portrait\" width=\"767\" height=\"575\" \/><\/p>\n<div class=\"c-gallery-vertical-featured-image__share-icons\" style=\"text-align: center;\"><span class=\"c-gallery-vertical-slide__photo-credit-text\">Photo<\/span><span class=\"c-gallery-vertical-slide__colon\">\u00a0:\u00a0<\/span><span class=\"c-gallery-vertical-slide__photo-credit\">Christie&#8217;s\u00a0 \u00a0<\/span><strong>Sold for: $106.5 million<\/strong><\/div>\n<\/figure>\n<div class=\"c-gallery-vertical-featured-image__description\">\n<p>In May 2010, the star lot of an evening sale of Impressionist and modern art at Christie\u2019s New York was Picasso\u2019s\u00a0<em>Nude, Green Leaves and Bust\u00a0<\/em>(1932), from his 1932 series of paintings of Marie-Th\u00e9r\u00e8se Walter. During the sale, eight bidders competed for the work, driving the hammer well past the $70 million expectation. It ultimately sold to a bidder on the phone with Marc Porter, <a href=\"https:\/\/www.facebook.com\/AtelierAuctionsg\">Christie\u2019s Americas Chairman<\/a>.<\/p>\n<p>Held in private hands for 50 years, the painting was sold by Los Angeles philanthropist Frances Lasker Brody, who had purchased it with her husband Sidney F. Brody from New York dealer Paul Rosenberg in January 1951 for less than $20,000.<\/p>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-gallery-vertical__slide-wrapper\" data-slide-id=\"1234594990\" data-slide-index=\"8\" data-slide-position-display=\"2\">\n<article class=\"c-gallery-vertical-featured-image\">\n<h3 class=\"c-gallery-vertical-featured-image__header\"><span class=\"c-gallery-vertical-featured-image__number\">2<\/span><em style=\"color: #111111; font-family: Roboto, sans-serif; font-size: 27px;\">Fillette \u00e0 la corbeille fleurie<\/em><span style=\"color: #111111; font-family: Roboto, sans-serif; font-size: 27px;\">, 1905<\/span><\/h3>\n<figure class=\"c-gallery-vertical-featured-image__figure c-gallery-slide--loaded c-gallery-vertical-featured-image__figure--loaded\" role=\"presentation\"><img loading=\"lazy\" decoding=\"async\" class=\"c-gallery-vertical-featured-image__image u-gallery-react-placeholder-shimmer aligncenter\" src=\"https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/06\/Screen-Shot-2021-06-07-at-5.54.28-PM.png?w=444\" sizes=\"auto, (max-width: 414px) 414px, (max-width: 1024px) 569px, (max-width: 1440px) 569px, (max-width: 2560px) 569px\" srcset=\"https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/06\/Screen-Shot-2021-06-07-at-5.54.28-PM.png?w=178 178w, https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/06\/Screen-Shot-2021-06-07-at-5.54.28-PM.png?w=356 356w, https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/06\/Screen-Shot-2021-06-07-at-5.54.28-PM.png?w=444 444w, https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/06\/Screen-Shot-2021-06-07-at-5.54.28-PM.png?w=569 569w, https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/06\/Screen-Shot-2021-06-07-at-5.54.28-PM.png?w=758 758w\" alt=\"Picasso Portrait\" width=\"426\" height=\"575\" \/><\/p>\n<div class=\"c-gallery-vertical-featured-image__share-icons\" style=\"text-align: center;\"><span class=\"c-gallery-vertical-slide__photo-credit-text\">Photo<\/span><span class=\"c-gallery-vertical-slide__colon\">\u00a0:\u00a0<\/span><span class=\"c-gallery-vertical-slide__photo-credit\">Kirsty O&#8217;Connor\/Associated Press\u00a0 \u00a0<\/span><strong>Sold for: $115 million<\/strong><\/div>\n<\/figure>\n<div class=\"c-gallery-vertical-featured-image__description\">\n<p>The sale of Peggy and David Rockefeller\u2019s art collection at Christie\u2019s New York, which included top lots by Paul Gauguin, Edouard Manet, Henri Matisse and Claude Monet, set a historic high for a single-owner sale in 2018. The piece that ultimately sold for the highest price from their collection was Picasso\u2019s 1905 portrait\u00a0<em>Fillette a la corbeille fleurie,<\/em>\u00a0made during the artist\u2019s Rose Period.<\/p>\n<p>The work\u2019s first owners were Leo and Gertrude Stein, the American siblings and early patrons of modern art, who bought it from a Paris dealer the year it was completed. After Gertrude Stein\u2019s death, the painting was sold from her estate in 1968 to the Syndicate of the Museum of Modern Art in New York, where David Rockefeller purchased it for himself.<\/p>\n<p>When the painting sold for a staggering sum of $115 million during the blockbuster Rockefeller auction, it wasn\u2019t the only reason the piece attracted attention. Featuring a fully nude prepubescent girl, wearing only a necklace and holding a basket of red flowers, the work drew controversy over Picasso\u2019s sexualized image of a child\u2014 known among historians to be an underaged sex worker named Linda.<\/p>\n<p>The work has long been heralded as a masterpiece, though. \u201cShe represents the themes that Picasso would wrestle with for his life\u2014love, sex, beauty, tenderness, violence,\u201d said Marc Porter, Christie\u2019s Americas chairman. Since the record sale of the work, criticism among various scholars surrounding Picasso\u2019s treatment of women has persisted. Protesters in Spain recently staged a\u00a0<a href=\"https:\/\/www.facebook.com\/AtelierAuctionsg\" target=\"_blank\" rel=\"nofollow noopener\">demonstration outside of Barcelona\u2019s<\/a>\u00a0Picasso museum in an attempt to shed light on the issue.<\/p>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-gallery-vertical__slide-wrapper\" data-slide-id=\"1234594983\" data-slide-index=\"9\" data-slide-position-display=\"1\">\n<article class=\"c-gallery-vertical-featured-image\">\n<h3 class=\"c-gallery-vertical-featured-image__header\"><span class=\"c-gallery-vertical-featured-image__number\">1<\/span><em style=\"color: #111111; font-family: Roboto, sans-serif; font-size: 27px;\">Les femmes d&#8217;Alger (Version &#8216;O&#8217;)<\/em><span style=\"color: #111111; font-family: Roboto, sans-serif; font-size: 27px;\">, 1955<\/span><\/h3>\n<figure class=\"c-gallery-vertical-featured-image__figure c-gallery-slide--loaded c-gallery-vertical-featured-image__figure--loaded\" role=\"presentation\"><img loading=\"lazy\" decoding=\"async\" class=\"c-gallery-vertical-featured-image__image u-gallery-react-placeholder-shimmer\" src=\"https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/04\/web-AP146022358580.jpg?w=800\" sizes=\"auto, (max-width: 414px) 414px, (max-width: 1024px) 800px, (max-width: 1440px) 1024px, (max-width: 2560px) 1024px\" srcset=\"https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/04\/web-AP146022358580.jpg?w=320 320w, https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/04\/web-AP146022358580.jpg?w=640 640w, https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/04\/web-AP146022358580.jpg?w=800 800w, https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/04\/web-AP146022358580.jpg?w=1024 1024w, https:\/\/www.artnews.com\/wp-content\/uploads\/2021\/04\/web-AP146022358580.jpg?w=1200 1200w\" alt=\"Picasso's Femmes d'Alger painting hung on a red wall with two men in white dress shirts and black aprons holding it up\" width=\"913\" height=\"575\" \/><\/p>\n<div class=\"c-gallery-vertical-featured-image__share-icons\" style=\"text-align: center;\"><span class=\"c-gallery-vertical-slide__photo-credit-text\">Photo<\/span><span class=\"c-gallery-vertical-slide__colon\">\u00a0:\u00a0<\/span><span class=\"c-gallery-vertical-slide__photo-credit\">Dominic Lipinski\/PA Wire\u00a0 \u00a0<\/span><strong>Sold for: $179.4 million<\/strong><\/div>\n<\/figure>\n<div class=\"c-gallery-vertical-featured-image__description\">\n<p>In 1956, the legendary Picasso collector, Victor Ganz, put in an offer to buy the entire 15-piece suite of Picasso\u2019s Delacroix-inspired \u201cFemmes d\u2019Alger\u201d series (1954\u201355) from Paris dealer Henry Kahnweiler for $212,500. In years to follow, Ganz kept just five from the group after selling the rest of them off to recoup his purchase price;\u00a0<em>Version \u2018O\u2019\u00a0<\/em>was among the few he had onto.<\/p>\n<p>Decades later in 1997, Christie\u2019s staged the blockbuster sale of the Ganzes\u2019 prized Picasso collection in New York, where the piece went for $31.9 million to London dealer Libby Howie, who is said to have purchased it on behalf of a buyer in Europe. Nearly two decades later,\u00a0<em>Version \u2018O\u2019\u00a0<\/em>resurfaced on the market to set a record price of $179.4 million again at Christie\u2019s New York in May 2015, making it the most expensive work to sell at auction at the time. Reported to have been purchased by the Qatari royal Al Thani family, that painting remains the most expensive Picasso ever to be auctioned.<\/p>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>Source\uff1ahttps:\/\/www.artnews.com\/<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over the course of seven decades, Pablo Picasso maintained prolific periods of artistic output that cemented his status as the one of most coveted artists of all time. The modernist\u2019s most prized paintings derive from various stages in his life: the early-career Rose and Blue periods and his groundbreaking experiments in Cubism, through his output [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":821,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[5,13,7,4,3],"tags":[],"class_list":{"0":"post-820","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artist","8":"category-auction","9":"category-events","10":"category-gallery","11":"category-latest-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Most Expensive Artworks by Pablo Picasso Ever Sold at Auction - Investable Art Auctioneer<\/title>\n<meta name=\"description\" content=\"Over the course of seven decades, Pablo Picasso maintained prolific periods of artistic output that cemented his status as the one of most coveted artists of all time.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.atelierauction.com\/globalupdates\/artist\/the-most-expensive-artworks-by-pablo-picasso-ever-sold-at-auction\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Most Expensive Artworks by Pablo Picasso Ever Sold at Auction - 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