Picasso Painting Sells for $67.5 Million at New York Auction

The 1932 Pablo Picasso painting ‘Femme nue Couchée’ sold for $67.5 million on Tuesday at an auction in New York.

Sotheby’s Modern Evening Sale auctioned Picasso’s ‘Femme nue Couchée’ (Nude Reclining Women) among works from Monet, Cézanne, Gauguin, and others.

The auction sold more than $408.5 million for the works of artists such as Picasso, Cézanne, Monet, Dali, Magritte, Gauguin, and Renoir.

Sotheby’s broadcasted the auction live on Instagram and gained about 20,000 viewers.

Amy Cappallazzo, the former head of Sotheby’s global fine art division, purchased the painting at Sotheby’s auction in New York.

Picasso’s painting ‘Femme nue Couchée’ depicted Marie-Thérèse Walter, his mistress and muse, as a many-limbed sea creature with her head tipped back in profile. 

According to Sotheby’s, Marie-Thérèse’s love of swimming and her grace in the water inspired the allusion to the sea, as Picasso himself could not swim, Mashable reported.

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