Employees pose for a photo with “Le pont de Trinquetaille” by Vincent van Gogh, “Woman Seated Near a Window (Marie-Thérèse)” by Pablo Picasso and “Composition: n° II with yellow, red and Blue’ by Piet Mondrian, at Christie’s gallery ahead of New York’s spring evening sales season, in London, Britain April 22, 2021. REUTERS/Peter Nicholls NO RESALE. NO ARCHIVES./File Photo

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NEW YORK, May 14 (Reuters) – An oil painting by Pablo Picasso sold for $103.4 million at a Christie’s auction in New York, beating its pre-sale estimate of $55 million. dollars.

The portrait of Picasso’s French lover, Marie-Thérèse, “Woman seated near a window (Marie-Thérèse)”, or “Woman seated near a window”, led Thursday’s “Evening Sale of the 20th century”.

Keith Gill, head of the Impressionist and Modern Art department at Christie’s London, said the work may have been familiar to art lovers from its appearance at a landmark Picasso 1932 exhibition at Tate Modern in 2018.

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“It’s an incredibly iconic image. It hasn’t been seen at auction since 2013. And the appreciation for portraits of Maria Theresa, particularly from 1932, has increased a lot since that time. So it will be a bargain price. for the artist,” Gill said.

After an intense bidding war, the Picasso was purchased by an online bidder in California, Christie’s said.

Thursday’s auction, broadcast live from Rockefeller Center, marked the fifth work by the Spanish painter to sell for more than $100 million.

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Reporting by Reuters TV, Writing by Rosalba O’Brien Editing by Marguerita Choy

Our standards: The Thomson Reuters Trust Principles.

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