• By The Financial District

11 Picasso Artworks To Go Under The Hammer In Las Vegas

Eleven Pablo Picasso artworks that were on display at a Las Vegas restaurant for over 20 years will hit the auction block this October, just two days before what would have been the artist's 140th birthday, Jacqui Palumbo reported for CNN.

Photo Insert: MGM Resorts' sizable art collection

Part of MGM Resorts' sizable art collection, the pieces had long been a fixture at Picasso, a Michelin-starred French and Spanish eatery in the Bellagio that is inspired by its namesake's life and work.

The collection -- which includes paintings, works on paper, and one ceramic work -- has a combined top estimate of $104.2 million, according to Sotheby's auction house, which is organizing the sale.

"It's an encyclopedic collection of Picasso's work, featuring works from 1917 to 1969 -- so virtually the duration of his entire career," said Brooke Lampley, Sotheby's chairman and worldwide head of sales for global fine art, over the phone.

"It gives a beautifully comprehensive view of the incredible diversity and richness of his career."It will be the first time Las Vegas has hosted one of Sotheby's marquee evening sales, which are typically held at the auction house's New York headquarters.

All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

Among the 11 works is "Femme au béret rouge-orange," an oil painting of Marie-Thérèse Walter, a young French model with whom the artist had a years-long affair in the late 1920s and 1930s.

Business: Business men in suite and tie in a work meeting in the office located in the financial district.

Picasso's extensive portraits of Walter, who was the mother of his daughter Maya, are marked by vivid colors and a sense of intimacy. "I just love the Marie-Thérèse period, because it's the most unusually sincere and romantic period of Picasso's career," Lampley said.

She noted that some of the artist's stylistic choices, including the double Cubist-style face and Walter's beret, are reminiscent of his famed paintings of another romantic partner, the photographer Dora Maar. "You can see the integrated influences of the two muses at this time," Lampley added.


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