Sat, 19 Jun 2021

At auction, Picasso painting sells to bidder for $103 million

Robert Besser
19 May 2021, 09:12 GMT+10

NEW YORK CITY, New York: A Picasso oil painting expecting to take in $55 million sold for $103.4 million at a Christie's auction in New York on May 13.

Entitled 'Woman Sitting Near a Window', the painting is familiar to art lovers from its appearance at a landmark Picasso exhibition at the Tate Modern in 2018.

"It's an incredibly iconic image. It hasn't been seen up at auction since 2013. And the appreciation of Marie-Therese portraits, particularly from 1932, has very much grown since that time. So this will be a stand-out price for the artist," said Keith Gill, head of the Impressionist and

Modern Art department at Christie's London, as quoted by Reuters.

Following a bidding war, the Picasso was won by an online bidder from California, Christie's said.

Thursday's auction was streamed live from Rockefeller Center. Officials said the sale was the fifth work by Picasso to have sold for more than $100 million.

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