Sotheby’s auctions off the works that hang inside Picasso, the French restaurant at the Bellagio, in October
A portrait of Pablo Picasso’s muse, Marie Thérèse Walter. hangs above a sideboard at Picasso, the French restaurant at the Bellagio. MGM Resorts
Artwork from cubist master Pablo Picasso found on the walls at Picasso, the French restaurant from Julian Serrano at the Bellagio, goes up for sale in October in an auction from Sotheby’s. MGM Resorts says the live auction on Saturday, October 23, marks the first time in North America that Sotheby’s hosts an evening auction outside its New York venue.
MGM Resorts International says the auction of Picasso’s paintings, ceramics, and drawings will help the company diversify its artwork portfolio with more inclusive works. “While diversity has long been in MGM Resorts’ DNA, we are committed to creating an even more inclusive collection that maintains the breadth of our existing portfolio while giving a greater voice to artists from under-represented communities,” says Ari Kastrati, MGM Resorts’ chief hospitality officer.
Pablo Picasso’s Homme et Enfant hangs in the lounge at Picasso at the Bellagio. MGM Resorts
The 11 works with an estimated value of $104 million hang inside Picasso. The painter created the one of the most expensive, Homme et Enfant, in 1969 toward the end of his career. For now, the piece estimated to sell between $20 million and $30 million hangs over a sideboard in the restaurant’s lounge. A portrait of Picasso’s muse, Marie Thérèse Walter, could go for $20 million to $30 million. Picasso kept Femme au béret rouge-orange, considered highly personal and painted in the 1930s, in his private collection for decades. For now, it hangs above a sideboard at the French restaurant.
Pablo Picasso’s Buste d’Homme sits behind the restaurant’s bar at the Bellagio. MGM Resorts
Buste d’Homme, estimated between $10 million and $15 million and painted from January 5, 1969, to February 2, 1970, sits behind the restaurant’s bar.
Pablo Picasso’s 1942 still life Nature Morte au Panier de Fruits et aux Fleurs hangs next to 1943’s Nature Morte aux Fleurs et au Compotier. MGM Resorts
Diners can find Picasso’s 1942 still life Nature Morte au Panier de Fruits et aux Fleurs, estimated to sell between $10 million and $15 million, hanging next to 1943’s Nature Morte aux Fleurs et au Compotier, estimated to sell for $6 million to $8 million, hanging side by side over a banquette. Picasso painted both during the Nazi occupation of Paris in 1942.
Other works found at Picasso as well as in the auction include a white terra cotta pitcher from 1954, estimated in value between $60,000 and $80,000 and a gouache on paper called Tête d’Homme from 1967, which could go for $1.5 million to $2 million.