Femme Assise, one of Pablo Picasso’s most important Cubist works, will be offered at Sotheby’s Impressionist and Modern Art Evening Sale in London on June 21. The work, which dates back to 1909, is expected to fetch over $43 million—a handsome sum, but nowhere near Picasso’s auction record of $179 million, which was set last May. The portrait is on consignment from a private collector who has owned the painting since 1973.