Casino sells eleven works by Picasso to make room for diversity

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Casino sells eleven works by Picasso to make room for diversity

The Bellagio hotel in the American gambling city of Las Vegas has sold eleven paintings and other works by Picasso for 100 million dollars (more than 85 million euros). Parent company MGM Resorts wanted to get rid of the paintings to make way for more works made by women, people of color, LGBTI artists or artists with disabilities.

Five paintings hung in the hotel restaurant for years. Twelve works by Picasso still hang in that restaurant.

“I’m so used to seeing them in the restaurant, it really changes the dynamic of the works to see them here in the gallery,” MGM chief executive Tarissa Tiberti, who is responsible for art purchases, told a local newspaper. “It’s interesting and fun to see them in this setting. It’s unbelievable that they’ve been hanging out at the Bellagio for over twenty years.”

Mistress and muse

The auction took place two days before the Spanish artist’s 140th birthday. Auction house Sotheby’s had the artworks under the hammer. The auction took place at the Bellagio hotel itself. It was the first time that the auction house from Las Vegas held an auction of this magnitude.

Femme au beret rouge-orange raised $40.5 million, about ten million more than estimated. It is a depiction of the artist’s lover and muse Marie-Thérèse Walter, which he made in 1938. The portraits Homme et Enfant and Bust d’homme were worth $24.4 million and $9.5 million, respectively.

It has not been disclosed who bought the paintings.

Casino sells eleven works by Picasso to make room for diversity
Source link Casino sells eleven works by Picasso to make room for diversity

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