Picasso painting sells for $139 million, most valuable art auctioned this year
By Ben Kellerman
4:43 AM UTC – November 9, 2023
New York Auction Sets Record with Picasso’s “Femme à la montre”
The art world was captivated as Pablo Picasso’s iconic 1932 painting, “Femme à la montre,” sold for a staggering $139 million at a Sotheby’s auction in New York City. This remarkable sale not only solidified the painting’s status as the most valuable artwork sold at an auction this year, but it also showcased the thriving art market during the city’s fall art auction season.
A Symbol of Picasso’s Genius
“Femme à la montre,” which translates to “Woman with a Watch” in English, is a mesmerizing portrait of Picasso’s lover, Marie-Thérèse Walter. The painting depicts her seated in a regal chair against a vibrant blue backdrop, with the titular wristwatch serving as a prominent motif. This theme of watches can also be found in Picasso’s artwork featuring his wife, Olga Khokhlova.
A Love Story Unveiled
The story behind the painting adds another layer of intrigue. Walter was just 17 years old when she met the 45-year-old Picasso in Paris. Despite his marriage to Khokhlova, the two embarked on a secret relationship, with Walter becoming a muse for many of Picasso’s works. In fact, another painting featuring Walter, “Femme nue couchée,” sold for $67.5 million at auction in 2022.
A Turning Point in Picasso’s Career
“Femme à la montre” was created during a pivotal year in Picasso’s artistic journey. At the age of 50, Picasso was already a renowned figure in the art world. However, he faced criticism from those who questioned his relevance in the modern era. This painting was his response, a bold statement that silenced his critics and solidified his position as an artist of the future.
A Remarkable Journey
The painting’s journey to the auction block is equally fascinating. Emily Fisher Landau, a late philanthropist, acquired the artwork in 1968 and proudly displayed it in her Manhattan apartment. Now, after more than five decades, an anonymous buyer emerged victorious in a heated bidding war, securing this masterpiece for their collection.
Reporting by Ben Kellerman; Editing by Rod Nickel
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What factors contribute to the enduring appeal and high value of Picasso’s artwork, as seen in the record-breaking sale of “Femme à la montre”?
E time, Picasso was experimenting with a new style known as the “neoclassical period,” which emphasized classical themes and forms. This painting showcases Picasso’s ability to combine classical elements with his own unique style, creating a timeless piece of art.
The record-breaking sale of “Femme à la montre” is a testament to the enduring appeal of Picasso’s work. His ability to capture the essence of his subjects and convey emotion through his brushstrokes continues to resonate with art collectors and enthusiasts around the world. The painting’s price tag reflects not only its artistic merit but also its status as a highly sought-after piece of art history.
The success of the auction also underscores the strength of the art market in New York City. Despite economic challenges and the ongoing COVID-19 pandemic, art collectors are still willing to invest significant sums of money in valuable works of art. The fall auction season in the city has been particularly successful, with several high-profile sales and record-breaking prices.
The sale of “Femme à la montre” serves as a reminder of the power of art to captivate and inspire. It is a testament to the enduring legacy of Picasso and his contributions to the world of art. As collectors and enthusiasts eagerly await the next great masterpiece to hit the auction block, it is clear that art will continue to hold a special place in our society.
In conclusion, the sale of Picasso’s “Femme à la montre” at a record-breaking price is a significant event in the art world. It highlights the ongoing popularity of Picasso’s work and the strength of the art market in New York City. This painting serves as a symbol of Picasso’s genius and his ability to create timeless and captivating pieces of art. As the art world continues to evolve, it is exciting to see what masterpieces will emerge and captivate audiences in the future.
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