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Displaying items by tag: Pablo Picasso

The Pablo Picasso canvas that set a record on May 11 at Christie's for the most expensive work ever sold at auction, at $179.4 million, may have gone to a buyer from Qatar.

Unnamed art world sources are telling the "New York Post" that the buyer of "Femmes d'Alger (Version “O")" (1955), was billionaire former Qatari Prime Minister Hamad bin Jassim bin Jaber Al Thani. Buyers at auction typically maintain their anonymity by bidding via phone; the Picasso was won by an anonymous telephone bidder represented by Brett Gorvy, international head of contemporary art for Christie's.

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A masterpiece unfolded on Sunday at the New-York Historical Society, and it wasn’t the Picasso.

In an hourslong operation of practiced precision, “Le Tricorne,” a stage curtain painted by the Spanish master, arrived in its new home, shepherded by a team of art handlers.

It was the end of a tortured ordeal over the fate of the work, which had resided at the Four Seasons restaurant in the Seagram Building only to be pushed out in a dispute between the landlord and the New York Landmarks Conservancy.

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Pablo Picasso’s granddaughter is selling his villa in Cannes and 126 of his ceramics as she tries to shake off unhappy childhood memories of the artist.

Marina Picasso, 64, remembers being taken to the gates of the grand three-storey house, La Californie, by her impoverished father, Paulo, to beg for handouts from an indifferent Picasso.

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Christie’s Evening Sale of Impressionist and Modern Art realized $202,608,000 (£128,721,728/ €178,022,150) with sell-through rates of 93% by lot and 99% by value. Bidders from 34 countries competed in the room and on the phone for works by Impressionist and Modern masters, including Piet Mondrian, Chaïm Soutine, Claude Monet, Pablo Picasso, Amedeo Modigliani and Fernand Léger. Bidding on Modern works was particularly active, a testament to the energy brought to the market by crossover collectors and the success of Christie’s curated week of sales spanning both Impressionist & Modern and Post-War and Contemporary categories.

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A French art dealer has been taken into custody after Picasso's step-daughter accused him of stealing some of the artist's works, a judicial source said Wednesday.

Catherine Hutin-Blay, the daughter of Pablo Picasso's second wife Jacqueline Roque, filed a complaint against art dealer Olivier Thomas in March after noticing some of her paintings were on the market, the source said, confirming a report in British daily "The Telegraph."

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To a medley of whoops, hollers and gasps on Monday night, Pablo Picasso’s 1955 painting “Les Femmes d’Alger (Version ‘O’)” sold for $179.4 million including fees at Christie’s “Looking Forward to the Past” sale of artworks spanning the 20th century. The price was the highest on record for a work of art sold at auction, the company said, and was well over its estimate of $140 million.

Once the bidding reached $120 million, the Picasso was pursued by five clients on telephones, often in agonizingly slow, $1 million increments, before finally being sold to a buyer represented by Brett Gorvy, Christie’s international head of contemporary art.

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A prized Picasso portrait, which has been in the Goldwyn family collection since it was acquired by Hollywood legend Samuel Goldwyn Sr. in 1956, has been sold to another film and entertainment mogul from halfway around the world.

Wang Zhongjun, chairman and co-founder of entertainment giant Huayi Brothers Media Group, purchased Pablo Picasso’s “Femme au chignon dans un fauteuil” at Sotheby’s Impressionist & Modern Art Evening Sale on May 5 for US$29.93 million (HK$233 million).

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Asian collectors snapped up paintings by Vincent Van Gogh, Pablo Picasso and Claude Monet at a Sotheby’s auction in New York that totaled $368.3 million.

The tally on Tuesday was the second highest for an Impressionist and modern art auction at Sotheby’s and a 67 percent increase from a similar sale last May. The auctioneer also surpassed its high presale target of $351 million despite failing to sell 14 of the 64 lots.

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The private art and furniture collection of the famed architect and designer of Sydney Opera House Jørn Utzon is going under the hammer at Bruun Rasmussen Auctioneers in Copenhagen in June.

Built upon Utzon's refined taste and close personal relationships to many renowned artists and designers, the Dane's collection includes pieces from the likes of Le Corbusier, Georges Braque, Fernand Léger, Henri Laurens, Pablo Picasso, Asger Jorn, and Alvar Aalto.

The highlight of the collection is doubtlessly a tapestry by Le Corbusier titled "Les dés sont jetés" (the dice is cast) (1960) which Le Corbusier created when the pair collaborated on the decoration of the Sydney Opera House.

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The collection of the highly regarded sculptor and philanthropist Lolo Sarnoff will be presented over several several sales in New York and London throughout the spring. The selection of work on offer  spans important Impressionist & Modern Art, follows Sotheby’s legendary six-day, 700 lot auction in 1978 of the collection of Lolo Sarnoff’s step-father, Robert von Hirsch. Works by artists such as Picasso, Chagall and Renoir are expected to sell for above the estimates. 

Warren Weitman, Chairman of Sotheby’s Americas, commented: “It is a great privilege for Sotheby’s to present works from this extraordinary collection."

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