Picasso artworks in Las Vegas fetch more than US$100 million

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Eleven Picasso paintings and other works that helped turn Las Vegas into an unlikely destination for art were sold at auction on Saturday for more than US$100 million.The Sotheby's auction was held at the Bellagio hotel in Las Vegas, where the works had been on display for years, and took place two days b

Eleven Picasso paintings and other works that helped turn Las Vegas into an unlikely destination for art were sold at auction on Saturday for more than US$100 million.

Five of the paintings had hung on the walls of the Bellagio's fine dining restaurant, Picasso. The restaurant will continue to display 12 other Picasso works. The large-scale portraits"Homme et Enfant" and"Buste d'homme" sold for US$24.4 million and US$9.5 million respectively, while smaller works on ceramic, like"Le Dejeuner sur l'herbe" which sold for US$2.1 million, went for three or four times their pre-sale estimate.

 

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