Current:Home > FinancePablo Picasso painting that depicts his mistress expected to sell for $120 million at auction-DB Wealth Institute B2 Expert Reviews
Pablo Picasso painting that depicts his mistress expected to sell for $120 million at auction
View Date:2024-12-24 21:06:50
A Pablo Picasso painting that depicts the late artist's mistress is expected to fetch a whopping $120 million at auction, according to a news release from Sotheby's. The auction house is selling the art collection of Emily Fisher Landau – and the Picasso piece is the standout.
The 1932 oil painting "Femme à la montre" depicts Marie-Thérèse Walter, who was known as Picasso's "golden muse" and appeared in several of his works.
Picasso and Walter met in Paris in 1927 when she was just 17. They kept their relationship a secret because of her age and because Picasso was married to Olga Khokhlova, a Russian-Ukrainian ballerina.
The painting was the first public exhibition of Picasso's love for Walter. One of its standout details is that Picasso painted Walter wearing a watch. He famously loved watches and "owned three of the greatest watches in existence," according to Southeby's. He depicted watches in just three of his major works and honored Walter by depicting her with one.
The painting was one of the first major art pieces New York art collector Fisher Landau acquired – and she bought it on the spot in 1968, according to Sotheby's. It once hung above her mantle in New York and is now being auctioned with about 120 other pieces she collected, including works by Henri Matisse, Mark Rothko and several others.
Some of her other pieces were bought by Fisher Landau's husband, Martin Fisher, after her jewelry was stolen. Fisher used the insurance money to buy his wife art, adding to her growing collection.
Fisher Landau's massive collection was put on display at her own museum, the Fisher Landau Center for Art in Long Island City, New York. Pieces from her collection have also been displayed at museums like the Whitney.
The collection will be on display at international exhibitions then go up for auction in New York on Nov. 8 and 9. In total, the auction is expected to rake in $400 million.
- In:
- Pablo Picasso
- Sotheby's
Caitlin O'Kane is a digital content producer covering trending stories for CBS News and its good news brand, The Uplift.
veryGood! (58)
Related
- Why Game of Thrones' Maisie Williams May Be Rejoining the George R.R. Martin Universe
- Judge hands down 27-month sentence in attack on congresswoman in Washington apartment building
- Missouri’s voter ID law is back in court. Here’s a look at what it does
- ASEAN defense chiefs call for immediate truce, aid corridor in Israel-Hamas war
- What to know about Mississippi Valley State football player Ryan Quinney, who died Friday
- Adriana Lima Has the Ultimate Clapback to Critical Comments About Her Appearance
- Which eye drops have been recalled? Full list of impacted products from multiple rounds of recalls.
- Hungary qualifies for Euro 2024 with own-goal in stoppage time in match marred by violence
- Halle Berry Rocks Sheer Dress She Wore to 2002 Oscars 22 Years Later
- Biden and Mexico’s leader will meet in California. Fentanyl, migrants and Cuba are on the agenda
Ranking
- Teachers in 3 Massachusetts communities continue strike over pay, paid parental leave
- Corporate, global leaders peer into a future expected to be reshaped by AI, for better or worse
- Authorities arrest man in death of Jewish protester in California
- 4 Social Security mistakes that can cost you thousands of dollars. Here's what to know.
- Benny Blanco Reveals Selena Gomez's Rented Out Botanical Garden for Lavish Date Night
- School resumes for 'Abbott Elementary': See when 'American Idol,' 'The Bachelor' premiere
- Serena Williams and Ruby Bridges to be inducted into National Women’s Hall of Fame
- Ghana reparations summit calls for global fund to compensate Africans for slave trade
Recommendation
-
Georgia's humbling loss to Mississippi leads college football winners and losers for Week 11
-
Indian manufacturer recalls eyedrops previously cited in FDA warning
-
Iowa Hawkeyes football star Cooper DeJean out for remainder of 2023 season
-
'Ted' the talking teddy bear is back in a new streaming series: Release date, cast, how to watch
-
Benny Blanco Reveals Selena Gomez's Rented Out Botanical Garden for Lavish Date Night
-
Sister Wives' Meri Brown Reveals Why She Went Public With Kody Brown Breakup
-
Hungary qualifies for Euro 2024 with own-goal in stoppage time in match marred by violence
-
Could America’s giant panda exodus be reversed? The Chinese president’s comments spark optimism