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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

Picasso painting star of Rockefeller art ‘sale of the century’

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One of Picasso’s most unsettling paintings returns to Paris on Friday more than a century after he painted it here, as a taster for what is being billed the art “sale of the century”.


With the art market surging, the nude “Young Girl With a Flower Basket” is expected to make at least $100 million (81 million euros) when it goes under the hammer in New York in May along with works by Monet, Renoir and Gauguin from the private collection of US billionaires Peggy and David Rockefeller.


Auction house Christie’s expects the sale of the 1,600 works of art amassed by the couple to top $600 million -- easily beating the world record set in Paris in 2009 when the collection put together by the fashion designer Yves Saint Laurent and his partner Pierre Berge made $484 million.


They include one of Monet’s waterlily paintings as a well as one of his famously smoky views of St Lazare station in Paris and three Miro murals which are expected to fetch $25 million.


“It’s a really historic moment, the biggest private collection ever put up for auction,” Christie’s French head Francois de Ricqles told AFP.


It not only represents the works collected by “a couple of great taste”, he said, “but with the addition of the items they inherited reflects the passion of generations of the Rockefeller family for art.”


David Rockefeller, the former head of Chase Manhattan Bank, died last year aged 101, two decades after his wife.


— AFP


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