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Picasso Work Sells at $28.6 Million

May 10, 2000

NEW YORK (AP) _ Pablo Picasso’s 1932 abstract portrait of a woman in blue holding a pot of red and yellow tulips sold for $28.6 million at auction Tuesday night.

``Nature morte aux tulipes,″ a portrait of Picasso’s mistress Marie-Therese Walter, fetched the 10th highest price for any Picasso ever sold at auction, said Andree Corroon, a spokeswoman for Christie’s.

The pricey Picasso hails from a private collection in Europe and has not been on the market since 1957.

Christie’s 20th century art auction brought in a total of $72.9 million.

Other Picassos brought in high prices as well:

_``Buste de femme assise sur une chaise″ was the second most expensive piece Tuesday evening, selling for $4.7 million.

_The artist’s 14-by-9 inch abstract portrait of Dora Maar _ another of his mistresses _ appears in ``Buste de femme a la frange.″ It sold for $4.5 million.

Six other Picassos painted between 1911 and 1963 were up for auction. There were also works by Marc Chagall, Henri Matisse, Paul Klee, Salvador Dali, Andy Warhol, Jackson Pollock and Roy Lichtenstein.

Chagall’s 1975 ``Le violoniste″ _ a dreamlike picture of a man holding a violin while a floating rooster carrying a couple levitates above his head _ sold for $1.4 million.

Warhol’s ``Myths″ is a series of vertical silhouettes of famous characters including Superman, Santa Claus, Mickey Mouse, Uncle Sam and Dracula and sold for $446,000.

All prices include Christie’s commission of 17.5 percent on the first $80,000 and 10 percent on anything above that. Christie’s did not identify Tuesday’s high bidders.


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