Sotheby’s will be putting some interesting German Art under the hammer soon at London, along with some rare Picasso paintings. The highlight of the auction will be a rare painting by Picasso, the title “Jeane fille endormie,” for £9 million ($15 million) to £12 million ($20 million) that shows his mistress, Marie-Therese Walter dozing on her folded arms. Marie-Therese Walter-inspired Picasso paintings are said to be quite a hit with the Russians.
The entire lot is estimated to $99 million, of which $78 million is accounted by 59 German art pieces dated to the 1960s and 1970s, which are a part of German industrialist Christian Duerckheim collection, which haven’t been on sale for over 30 years.
[Bloomberg] And [Reuters]