Sotheby's London is offering Picasso's 1932 portrait of Marie-Therese Walter with an estimate of 40 million to 55 million dollars (USD). Elly Park reports.
She was one of Pablo Picasso's most beloved muses: Marie-Therese Walter. And a 1932 painting of the artist's golden muse is up for sale at the Impressionist and Modern Art auction at Sotheby's in London. The auction house estimates the painting will sell between 40 million and 55 million U.S. dollars -- which is a reasonable price, according Sotheby's Helena Newman. SOUNDBITE: Helena Newman, Chairman, Impressionist & Modern Art Europe, Sotheby's Europe, saying (English) "Most of the examples from this year and of his Marie-Therese subject are in museums around the world. So, it represents a real opportunity for a collector to buy a museum quality painting coming out of private hands." Another centerpiece of the upcoming sale is this water lilies painting by Claude Monet which has never previously been seen at auction. SOUNDBITE: Helena Newman, Chairman, Impressionist & Modern Art Europe, Sotheby's Europe, saying (English): "Its appearance presents a real opportunity for a collector to buy a major monumental Monet of his most celebrated series of paintings." Also going under the hammer are these rare-to-market paintings by early 20th century artist Egon Shiele, that Newman thinks might set a new world record for a work on paper. All are scheduled to change hands on February 5.