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Picasso’s Femme Assise Auctioned at a Record-Breaking Price

By Posted Jun 27th 2016


Be they investors or mere enthusiasts, every art lover does have a penchant for Picasso's works. Who doesn't know, the artist adorns the white walls of almost all major art galleries. It was, hence, no surprise that at a recent Sotheby's auction, a Picasso painting managed to break all records.


In London recently, Sotheby's hosted The Impressionist & Modern Art Evening sale with a host of masterpieces. In a fierce bidding war , Picasso's pioneering 1909 portrait Femme Assise was sold for a staggering £43 million (approx. INR 394 crores). |This is approximately INR 135 crores (when converted) more than the estimated price! The classic artist's masterpiece created a new record for any cubist work and the highest price for any painting sold in London since 2010.


This artwork was reportedly inspired by the artist's lover, Fernande Olivier. This was one of the paintings that helped push Picasso to create more cubist-style works. Femme Assise has been in the possession of a private collector since 1973.


Described as ‘the greatest cubist painting to come to the market in decades,' there's hardly anything left to speculate about the price this masterpiece has commanded!


Images via Sotheby's


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