 "Picasso valued at $140 mn heading to NYC auction")
Christie's auction house has announced it will offer a 1955 masterpiece by Pablo Picasso for an estimated $140 million.
"Women of Algiers (Version O)" will hit the auction block on May 11. The vibrantly colorful work features a scantily attired female amid smaller nudes. It is part of a 15-work series Picasso created between 1954 and 1955.
It'll be offered with a group of two dozen other major 20th century works in a stand-alone sale called "Looking Forward to the Past."
The current record for any artwork sold at auction is held by Francis Bacon's triptych "Three Studies of Lucian Freud." It sold at Christie's for $142.4 million in 2013.
"Women of Algiers (Version O)" will hit the auction block on May 11. The vibrantly colorful work features a scantily attired female amid smaller nudes. It is part of a 15-work series Picasso created between 1954 and 1955.
It'll be offered with a group of two dozen other major 20th century works in a stand-alone sale called "Looking Forward to the Past."
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Christie's didn't reveal the seller, but said the collector acquired the painting at Christie's in 1997 for $31.9 million.
The current record for any artwork sold at auction is held by Francis Bacon's triptych "Three Studies of Lucian Freud." It sold at Christie's for $142.4 million in 2013.
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