Picasso Portrait of Marie-Thérèse Walter Fetches $44.8 Million

Kelly Scott of the Los Angeles Times reports that a Picasso portrait of Marie-Thérèse Walter, the artist’s mistress and muse, last sold in 1997 for $6.8 million, brought in $44.8 million dollars in series of auctions at Sotheby’s in London on Tuesday. A different work of the same young woman, Nude, Green Leaves and Bust, set a record in 2010 when it fetched $106.5 million at Christie’s in New York. Carol Vogel of the New York Times reports that the Picasso was the most expensive work in an evening that also saw strong prices for artists including Monet and Schiele. The sales continue at Christie’s in London on Wednesday evening.