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Pablo Picasso once said that “art is the elimination of the unnecessary”, and admirers of his paintings should be prepared to eliminate a number of zeros from their bank accounts if they hope to own any of them. his works of art.
In what organizers boast of being “the biggest and most important art auction ever in Las Vegas,” MGM Resorts and Sotheby’s will sell 11 paintings by Pablo Picasso estimated at $ 104 million on October 23. .
The event will take place at the Bellagio Casino in Las Vegas, where all the masterpieces have been on display for a long time.
The Picassos up for grabs span the artist’s career and include paintings, works on paper, and ceramics that he variably created between 1917 and 1969. have a value of $ 20-30 million; the great “Man and Child” and “Bust of a Man”, from the Spaniard’s late period, both valued at over $ 15 million; and the still life “Still life with a basket of fruits and flowers”.
Bellagio founder and art collector Steve Wynn acquired many works for auction in the late 1990s, and despite a number of sales and company mergers, they have remained on display at the upscale Picasso casino restaurant.
Previously, restaurant patrons could see the portrait of Maria Theresa and “Man and Child” hanging above separate buffets and the “Bust of a Man” behind the restaurant bar, Bloomberg reported. Meanwhile, two other multi-million dollar works soon to be auctioned off have hung over a bench.
The Picasso restaurant will not be stripped of the work of its namesake following the auction. “In order for us to keep the name on the door, of course we have to showcase Picasso’s work,” Ari Kastrati, hospitality manager of MGM Resorts, told Bloomberg. Some of the other 12 Picassos from the Bellagio parent company collection will be used to replace the items up for auction.
Ahead of their sale, the auction lots will make an appearance in New York from September 7 to 13, and a more selectively curated assortment will also go to Taipei and Hong Kong later next month.
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