Online Pablo Picasso auction raises almost £5 million
The 10-day World of Picasso sale ending on June 18 included 60 works from the private collection of the artist’s granddaughter Marina Picasso.
Some 188 works together totalled 4,832,125 pounds or $6,128,101 with 92 percent of lots sold and 83 percent of those “selling for prices above their high estimates,” Sotheby’s said in a statement.
The highest selling item was a 1950 vase – “Grand Vase aux Femmes Nues” – which sold for 435,000 pounds (482,000 euros, $540,000), said Sotheby’s.
Another notable sale was a palette used by Picasso, which sold for more than 56,000 pounds despite having a maximum sale estimate of just 6,000 pounds.
There were 39 bids for the palette, which the artist used in June 1961.
Pastels, ceramics and silver plates were among the other items for sale.