A 1941 Picasso to be offered at Sotheby’s tomorrow night with a $20 million to $30 million presale estimate was damaged while in the care of New York’s Acquavella Galleries, according to a lawsuit filed by the insurer of its owner, Ted Forstmann.
A version of “The Scream” by Edvard Munch headlines the big May auctions, with the three New York houses gearing up to sell as much as $1.5 billion of Impressionist, modern and contemporary art in the next two weeks.
Pablo Picasso’s portraits of three different lovers raised 42.2 million pounds ($68.5 million) last night in London as collectors of the Spanish artist battled for paintings and led demand for 20th-century artworks.
The beautiful, sad-looking Olga Kokhlova, a dancer with Diaghilev’s Ballets Russes, sits with her right arm draped over the back of a chair, a partially open fan in her lap. The dark floral patterns of her dress and the upholstery stand out against the flat background of pale gold.