Picasso’s de Soto | Pre-Sale Estimate At $45-60 Million

Posted: April 19, 2010 in Art, Art Auctions, Paintings
Tags: , , , , , ,

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Picasso’s de Soto

Pre-Sale Estimate At $45-60 Million

[Photo Source: Absolut Londres]

Originally considered controversial, Pablo Picasso’s Portrait of Angel Fernandez de Soto has returned to Christie’s with a record pre-sale estimate of $45-60 million.

Dated in 1903, Picasso’s piece was initially pulled from a 2006 sale over an alleged Nazi link. Now, after nearly four years in limbo, individuals will finally have an opportunity to own this piece of history.

Crafted in the Picasso’s Blue Period, the man within the painting is awkwardly, yet captivatingly seated with the accompaniment of a glass of Absinthe and a pipe emitting swirls of smoke. Fernandez de Soto was nicknamed “The Absinthe Drinker.”

Once offered to Christie’s by composer Andrew Lloyd Webber, sales from this revered item will go to the Andrew Lloyd Webber Foundation, which promotes arts and culture in Britain.

Collectors and enthusiasts alike are anxiously waiting to see if Portrait of Angel Fernandez de Soto will break the auction record of Giacometti’s L’Homme qui marche I sculpture, established in February at Sotheby’s for a staggering $104.3 million.

This stunning masterpiece will be available on June 23rd in London, England at 7pm.

By Alex Neely •  Category: Collect, News & Noteworthy

[Via Affluent Page Via Christie’s]

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