A 1932 painting by Pablo Picasso of his muse Marie-Thérèse Walter will be offered at Christie’s during a 20th century art auction in New York on May 11. Woman seated near a window (Marie-Thérèse), the large-scale works are scheduled to be on display in Hong Kong April 12-14 before arriving at their final location at the house’s New York headquarters. It is expected to fetch a price tag of $ 55 million.
The news follows Christie’s announcement last month that the house plans to run two reformatted evening auctions during its 20th and 21st Century Art Week in May. One will be devoted to 20th century art, the other to art from the 1980s to the present day.
Walter is often portrayed as asleep or dreaming throughout Picasso’s work. In the current work, however, she is seated upright in a chair, her gaze directed towards the viewer; she looks winged. Picasso produced the work in his studio in Boisgeloup, France in 1932, the year he started painting Walter.
The painting put up for auction was exhibited for the last time in the window of the Picasso museum in Paris “Picasso 1932, erotic year” in 2017, alongside the 1932 Picasso portrait of mega-collector Steven Cohen The dream, which he bought for 155 million dollars in 2013. The following year, Woman sitting traveled to Tate Modern in London for an exhibition titled “The EY Exhibition: Picasso 1932, Love Fame Tragedy”.
“Our reaction after seeing it was very visceral,” said Vanessa Fusco, co-head of the 20th Century Evening Sale at Christie. ARTnews. The most striking aspect of the play, added Fusco, is “the incredible presence of this woman and the agency he gave her, which you don’t always see in his portrayals of her.
The seller of the work bought it from Sotheby’s in 2013 for $ 45 million with a premium, against an estimate of $ 25 million. Previously, it had sold at auction in 1997 for $ 6.8 million, after passing through the hands of modern art dealers Stephen Hahn and Jan Krugier. The latter had acquired it from the granddaughter of the artist Marina Picasso.
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