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By Le Figaro with AFP

Published 2 hours ago, Updated now

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The painting, for which Sotheby’s expects $120 million, is one of the key works in the dispersal of the collection of Emily Fisher Landau, who died in March.

Woman with watch, painted in 1932 by Pablo Picasso, was exhibited Monday in Dubai, opening a tour which will take this painting to Hong Kong, then to New York, where it will be auctioned in November. The auction house Sotheby’s indicated in mid-September that the painting, representing one of the companions and muses of the Spanish artist, the French painter Marie-Thérèse Walter, could sell for 120 million dollars at auction on 8 and November 9.

Also read: “Woman with a Watch” by Picasso could sell for $120 million in New York

The work is presented in the Sotheby’s showroom, owned by French, Moroccan and Israeli tycoon Patrick Drahi, at the Dubai International Financial Center (DIFC), the emirate’s financial district. According to Julian Dawes, head of the impressionist and modern arts division at Sotheby’s, Picasso attracts potential buyers from all over the world. “In the past, we’ve seen deals from literally every continent, every major city“, he told AFP during the inauguration ceremony in Dubai. “Between 2021 and 2022, we have seen an increase of over 100% in the number of bidders and buyers from the Middle East“, he clarified.

Woman with watch belonged to New York collector Emily Fisher Landau, who died at the end of March at the age of 102, who also owned several works by Jasper Johns, Willem de Kooning, Mark Rothko and Andy Warhol, offered at auction on November 8 and 9.

Fifty years after his death, the author of Guernica (1937) and Ladies of Avignon (1907) continues to fascinate: museums around the world, particularly in France and Spain, are devoting around fifty exhibitions to it in 2023.

2023-09-26 11:07:28
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This painting, offered at auction next November, belongs to the wealthy New Yorker Emily Fisher Landau, who died this year at the age of 102.

One of Pablo Picasso’s masterpieces, “Woman with watch» (1932), representing one of the Spanish artist’s companions and muses, the French painter Marie-Thérèse Walter, could sell for $120 million at auction in November, Sotheby’s announced Wednesday, September 13.

This painting belongs to the wealthy New Yorker Emily Fisher Landau, who died this year at the age of 102. It also has a collection of works by Jasper Johns, Willem de Kooning, Mark Rothko and Andy Warhol which will be offered for auction on November 8 and 9 for the fall season of art sales in the cultural and financial capital of UNITED STATES.

Year of miracles

Sotheby’s, owned by French, Moroccan and Israeli magnate Patrick Drahi, indicated in a press release that it was counting on “well over $400 million» of sales of this collection, more than a quarter of which were for “Woman with watch“. According to Julian Dawes, head of the impressionist and modern arts division at Sotheby’s, the Spanish master’s painting “is a masterpiece in all its dimensions».

«Painted in 1932 – “Annus mirabilis” for Picasso (year of miracles, editor’s note) – it is both full of happiness and abandoned passion», Explains the expert. Marie-Thérèse Walter (1909-1977) was the “golden muse» by Picasso, his muse met in 1927 in Paris when the Spanish master was married to the Russian-Ukrainian ballet dancer Olga Khokhlova.

The painter, who had a daughter with Picasso, Maya Widmaier-Picasso (1935-2022), was “the subject of many of his most successful portraits», underlines Sotheby’s. And the year 1932 was so important in Picasso’s work that an entire exhibition was dedicated to it in 2018 at the Tate Modern museum in London. Thus, another portrait by Picasso representing Walter, also painted in 1932, “Woman sitting near a window (Marie-Thérèse)», was sold in 2021 for $103.4 million at auction by competing house Christie’s in New York.

Immortal

Fifty years after his death, the author of “Guernica” (1937) and “Ladies of Avignon» (1907) continues to fascinate: museums around the world, particularly in France and Spain, are devoting around fifty exhibitions to it in 2023. Pablo Picasso (1881-1973) remains one of the most influential artists in modern art, readily described as a genius. But, in the United States, in the wake of the #metoo movement, the figure of this extremely wealthy workaholic is tarnished by accusations of control, sometimes violent, that he could exercise over the women who shared his life and inspired his work.

2023-09-13 20:06:28
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