A Picasso Expected to Fetch $140 Million May Become the Most Expensive Painting Ever Sold at Auction
On May 11 the auction house Christie’s hopes to brush past its previous
world record for art sold at auction when Pablo
Picasso’s ШУУД ҮЗЭХ Les Femmes
d’Alger (Version “O”) goes on the block, with bidding expected to reach
$140 million or more. The top lot at Christie’s Looking Forward to the
Past sale in New York, the painting is the last in a series of
15—lettered “A” through “O”—that drew from 19th-century artist Eugène
Delacroix’s studies of the same name. Departing from Delacroix’s French
Romantic motif, Picasso’s homage borrows from cubist, fauvist, and
neo-impressionist schools of art. The collectors Sally and Victor Ganz
purchased the entire Les Femmes d’Alger series in 1956 for about
$213,000.
Another important piece going under the hammer during the auction is
Claude Monet’s Le Parlement, Soleil Couchant, part of a series of 19
paintings that the impressionist captured of London’s Houses of
Parliament at various times of the day (and thus at various stages of
light). Valued between $35 million and $45 million, Le Parlement, Soleil
Couchant is one of only five in the series that is not in a museum and
was painted prior to Monet’s famous Le Bassin Aux Nymphéas, which sold
for roughly $80 million in 2008.
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