ADVERTISEMENT

Picasso's $115-million 'Young Girl' to be loaned to museum

"We're very happy," a museum spokesperson said Saturday in confirming the loan, first reported in The New York Times.

The painting was purchased at auction Tuesday by the Nahmads, a family of art dealers and collectors that includes Helly Nahmad, owner of a New York gallery, according to two sources quoted by the Times. Nahmad did not respond to an AFP request, through his gallery, for comment.

The Musee d'Orsay's "Picasso: Blue and Rose" exhibit is being organized in collaboration with the Picasso Museum-Paris and will focus on the artist's work from 1900-1906, encompassing his critically important Blue Period and Rose Period. It will run from September 18 to January 6, 2019.

The exhibit will then move to the Beyeler Foundation near Basel, Switzerland, from February 3 to May 26, with a modified set of paintings. It is not clear whether the "Young Girl" will be part of that show.

ADVERTISEMENT

Record-breaking sale

The painting, from 1905, was part of a major auction by Christie's of the extensive collection of the late US banker David Rockefeller and his wife Peggy.

"Young Girl," which the American collector Gertrude Stein and her brother Leo had purchased directly from the artist, was sold for the sixth-highest sum ever attained by a painting at auction, expenses and commissions included.

Four paintings by Picasso (1881-1973) have now been sold for more than $100 million each. No other painter has seen more than one piece of art reach that rarefied level.

Rockefeller, who died last year aged 101, was a grandson of oil magnate John D. Rockefeller. "Young Girl" was a centerpiece of his vast trove of artworks.

ADVERTISEMENT

The Christie's sale brought in a total of $832 million, pulverizing the record for a single collection sale set in 2009, when the works of designer Yves Saint Laurent and his longtime partner Pierre Berge netted $484 million.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Nigerian Army hands over rescued Chibok girl, 3 children to Borno govt

Nigerian Army hands over rescued Chibok girl, 3 children to Borno govt

Rivers crisis: Wike under fire for allegedly violating Tinubu's order

Rivers crisis: Wike under fire for allegedly violating Tinubu's order

Pro-democratic group reacts to Jumbo's emergence as Rivers speaker

Pro-democratic group reacts to Jumbo's emergence as Rivers speaker

Nigerians condemn content creator’s ‘24-hour buried alive challenge’

Nigerians condemn content creator’s ‘24-hour buried alive challenge’

Senate approves death penalty for  drug traffickers

Senate approves death penalty for drug traffickers

Ondo assembly warns petroleum marketers against fuel hoarding, price hikes

Ondo assembly warns petroleum marketers against fuel hoarding, price hikes

Rivers crisis: Fresh twist as APC group disagrees with Gov Fubara's impeachment call

Rivers crisis: Fresh twist as APC group disagrees with Gov Fubara's impeachment call

Reps urge Tinubu to pay withheld salaries of ASUU, NASU, ensure full payment

Reps urge Tinubu to pay withheld salaries of ASUU, NASU, ensure full payment

Lagos Govt retrieves ₦478.13m, 18 properties from fraudulent agents in 4 years

Lagos Govt retrieves ₦478.13m, 18 properties from fraudulent agents in 4 years

Pulse Sports

There's Only One Winner - Arsenal's Bukayo Saka gives verdict on Nigerian and British food, namechecks Burna Boy

There's Only One Winner - Arsenal's Bukayo Saka gives verdict on Nigerian and British food, namechecks Burna Boy

Onome Ebi: Super Falcons captain put curves on display to celebrate 41st birthday

Onome Ebi: Super Falcons captain put curves on display to celebrate 41st birthday

‘You can't find another Osimhen in Europe’ — Former Juventus and AC Milan star warns Napoli can not replace Nigerian striker

‘You can't find another Osimhen in Europe’ — Former Juventus and AC Milan star warns Napoli can not replace Nigerian striker

DAVID AND VICTORIA BECKHAM: How the global soccer superstar and the Spice Girl-turned-fashion designer make and spend their millions

DAVID AND VICTORIA BECKHAM: How the global soccer superstar and the Spice Girl-turned-fashion designer make and spend their millions

Chelsea set to offer Romelu Lukaku and cash for Super Eagles star Victor Osimhen

Chelsea set to offer Romelu Lukaku and cash for Super Eagles star Victor Osimhen

Mikel Obi: Super Eagles legend goes viral speaking Hausa

Mikel Obi: Super Eagles legend goes viral speaking Hausa

ADVERTISEMENT
ADVERTISEMENT