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The 1932 Pablo Picasso painting “Femme nue couchée” has sold for $67.5 million at its auction debut at Sotheby’s in New York, the most recent large sale at auction for blue-chip art.
The eight-digit sale price comes a week after Andy Warhol’s 1964 silk-screen portrait of Marilyn Monroe fetched $195 million at Christie’s, setting a record for a work by an American artist sold at auction. Read full story
Auction house Sotheby’s had predicted the Picasso painting, a surrealistic depiction of his muse Marie-Thérèse Walter, to sell in excess of $60 million.
“Femme nue couchée” was born out of a particularly creative and pivotal year for Picasso. Newly 50, he had already achieved widespread fame by 1932 but ramped up his ambitions to silence critics who questioned “whether he was an artist of the past rather than the future,” according to the Tate Modern museum.