Picasso’s Las Vegas business sold for over $100 million

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Eleven paintings and other works by Spanish artist Pablo Picasso that helped turn Las Vegas into an extraordinary destination for art sold at auction on Saturday for more than $100 million.

Two days before Picasso’s 140th birthday, Sotheby’s held this auction at the Bellagio Hotel in Las Vegas, where the works have been on display for years.

The famous Spanish artist Pablo Picasso was born in Malaga on the 25th of October 1881.

Five of these paintings were hung on the walls of the luxury Picasso restaurant in Bellagio, according to Reuters.

Although 11 Picasso paintings have been sold, the restaurant will continue to display 12 other Picasso works.

Picasso’s 1938 “Woman in the Red and Orange Beret” of his lover and muse, Marie-Therese Walter, sold for $40.5 million, $10 million above pre-sale ceiling estimates.

Two large paintings, “The Man and the Child” and “The Torso of a Man,” sold for $24.4 million and $9.5 million, respectively, while smaller works, such as “Lunch on the Grass,” sold for $2.1 million, an estimated three or four times their price. Estimated before sale.

The names of the buyers were not disclosed.





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