Picasso in Sotheby’s Sale

With the current extra excitement about anything Picasso, helped by the show at Gagosian, Sotheby’s is very happily promoting their next Impressionist & Modern Sale with Picasso’s portrait of his daughter Maia, holding a favorite boat toy.
The painting titled “LA FILLE DE L’ARTISTE À DEUX ANS ET DEMI AVEC UN BATEAU”( Oil on canvas. 28 3/4 by 21 1/4 in. 73 by 54 cm) is estimated in the catalogue at US$16-24 million. It was painted in 1938 just after Picasso painted the famous Guernica which depicts the suffering people, animals, and buildings wrenched by violence and chaos caused by the bombing of the town by 28 German bombers during the Spanish Revolution.
As usual with Picasso, it’s all a bit complicated. Maia was the daughter of Picasso’s mistress, Marie-Thérèse Walter. However at the time he was still married to his first wife Olga Koklova and had a son Paulo. On Picasso’s death in 1973, Paulo’s daughter Marina Picasso inherited the painting.
Jan Krugier of Galerie Krugier’s became Marina’s exclusive agent, handling one of the largest collections of Picassos in the world, although it had been somewhat decimated by the French government which had taken many pieces for inheritance tax after the death of Picasso. Jan had helped Marina’s brother Pablito, when he was ill in hospital after what would become a successful attempt at suicide by swallowing bleach.
Jan Krugier handled the painting on consignment and it was sold to art dealer Arnold Katzen of New York who owned the Arnold Katzen Gallery and American-European Art Associates, Inc. sometime after 1983.
The current private collector bought the painting in 1986 and it had not been shown in public since until this auction. It is hanging in London until Saturday when it will be flown to New York in time for the auction next Tuesday evening, May 5th.
There are only 38 items in this particular sale and it will be interesting to see how well the whole Spring sales will fare.










