A Las Vegas Restaurant Is Auctioning 11 Picasso Masterpieces
View from The Bellagio
© Nick Fewings | Unsplash
Mega auction in Las Vegas
This October, MGM Resorts is partnering with Sotheby's to sell off artworks by Picasso which could go for around $100 million. Many of the paintings were previously hung in the Picasso restaurant in the Bellagio Hotel & Casino, which is known for its starring role in the movie Ocean’s Eleven.
The star of the auction is Picasso's Femme au béret rouge-orange, a portrait of his muse and lover Marie-Thérèse Walter, which is expected to go for $20–$30 million. Other highlights include a portrait of the commedia dell’arte character Pierrot, estimated at around $3 million and a still life painted during the Nazi occupation of Paris in 1942, Nature morte aux fleurs et au compotier, estimated at $6 million to $8 million.
"You're going to get a wide variety of period, you're going to get a wide variety of subject matter, you're going to get a wide variety of media. So you get a little bit of everything that makes Picasso great in this auction," said Brett Maly, president of Art Encounter in Las Vegas.
The Bellagio also has one of the city’s best art galleries and the resort says it is reshaping “its public fine art portfolio, deepening its focus on diversity and inclusion.”
What you need to know
Pre-sale exhibitions of the full selection of works to be offered at auction will take place at the Bellagio Gallery of Fine Art (October 21- 23) in Las Vegas, with travelling exhibitions of select highlights planned for Hong Kong (October 7 – 11) to introduce the artworks to newly wealthy Asian clients in the art market.
All exhibitions are open to the public and the sale will also be livestreamed. MGM Resorts will devote a portion of the sales proceeds towards acquiring new artworks.
FIND OUT MORE
New Auction Record Set for a Château Mouton Rothschild “Nebuchadnezzar”Château Mouton Rothschild “Nebuchadnezzar” from the legendary vintage of 2000 was sold for $140,299.
Online Auction to Raise Money for Flood-Hit Ahr Wineries in GermanyThe World's Best Vineyards group is holding an online auction to raise funds for wineries hit by devastating floods in the Ahr region of...
Wine From Chanel's Vineyards To Be Auctioned OffSotheby's is to auction untouched wines from Chanel vineyards in Bordeaux in October.
UK to Ban Restaurants & Pubs from Keeping Staff TipsRestaurant, cafés and pubs in Britain are finally being banned from keeping tips left for staff.
The Best Vegetarian Restaurants in the WorldFrom Copenhagen to New York, these restaurants are internationally recognised as best places for veggies to eat out.
Henley & Partners has announced its annual rankings of the most travel-friendly passports in 2022 – which also records the biggest ever gap between...
There's no better way to discover a city than on foot. A new study shows which European cities are best for pedestrians to explore.
Air New Zealand has topped the AirlineRatings' 2022 safest airlines ranking of 385 operators worldwide.
The travel website has released its ranking of the best hotels in the world, with a jungle resort in Costa Rica taking the top slot.
Tripadvisor has announced the best destinations for food lovers in 2022. Rome claims the No.1 spot for its culinary supremacy.
We reveal ten restaurants in the heart of Switzerland that offer particularly beautiful outdoor summer terraces and outdoor spaces.
Every July and August thousands of animals migrate from Tanzania’s Serengeti to Kenya’s Masai Mara in search of fresh pastures. It is one of the last...