Entertainment

Picasso artworks fetch more than $100m in lavish Las Vegas auction

A selection of Picasso paintings have fetched more than $100m (£726m) at an auction in Las Vegas.

Eleven works by the Spanish artist, and a selection of other pieces, were sold at the Sotheby’s event at the Bellagio hotel on Saturday.

It came two days before Picasso’s 140th birthday, which is on 25 October.

Five of the paintings had hung on the walls of the hotel’s swish restaurant, which is named Picasso, and the highest price was fetched by the 1938 work “Femme au beret rouge-orange”.

The piece, which depicts Picasso’s lover and muse Marie-Therese Walter, sold for $40.5m (£29.4m).

Other big sellers were “Homme et Enfant” and “Buste d’homme” at $24.4m (£17.7m) and $9.5m (£6.9m) respectively, while “Le Dejeuner sur l’herbe” fetched $2.1m (£1.5m).

None of the buyers have been identified.

More from Ents & Arts

The auction was part of an attempt by MGM Resorts, the casino and hotel group, to diversify its already vast art collection encompassing some 200 artists.

Among the around 900 works it has are more modern pieces by Bob Dylan and David Hockney.

Articles You May Like

Crypto industry gets quick return on Trump investment after pouring millions into campaign
Director Joe Wright on ‘global problem’ of fascism and what can be learnt from ‘deeply flawed’ Mussolini
‘First drop’ in house rent prices since before pandemic – but not for London
Oil turns lower after Trump says he’ll ask Saudi Arabia and OPEC to bring the price down
SEC revokes unpopular banking rule that blocked Wall Street banks from adopting crypto