Friday, May 7, 2010

Picasso art inspired by wife sells in NY for $9.3M

FILE- In this undated photo provided by Sotheby's, "Femme au Grand Chapeau, Buste," by Pablo Picasso's is shown. The 1965 painting, which hung for 50 years in the New York City apartment of Patricia Kennedy Lawford, a sister of former President John F. Kennedy, was sold at auction by Sotheby's in New York for 9.3 million
NEW YORK — A 1965 Pablo Picasso painting inspired by his wife has sold for $9.3 million at a New York City auction.
Wednesday's price for "Woman with the Large Hat, Bust" at the Sotheby's auction house was in line with its pre-sale estimate.
The painting depicts Jacqueline Roque, who married Picasso in 1961. It hung for 50 years in the Manhattan apartment of Patricia Kennedy Lawford, a sister of former U.S. President John F. Kennedy. It was sold by Lawford's estate.
The sale came a day after a record sale for a 1932 Picasso painting of his mistress. "Nude, Green Leaves and Bust" sold at a Christie's auction for $106.5 million, a world record price for any work of art at auction

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