All’s fair in love and war

Pablo Picasso’s Femme au béret gets the auction season underway at Sotheby's, says Chris Carter. But what's more interesting than its sale price is what it says about its painter.

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Femme au bret is expected to fetch $50m

Pablo Picasso's Femme au bret et la robe quadrille (Marie-Thrse Walter) gets the auction year under way at Sotheby's next month. It's the star lot in the Impressionist & Modern Art Evening Sale on 28 February, and it's expected to fetch around $50m, says the Financial Times. That may be conservative given that Buste de femme (Femme la rsille), a comparable Picasso portrait from 1938, made $67.4m at Christie's in 2015. Throw in the growing appetite for modern art in Asia, and Femme au bret might surprise, not least because this is the first time it has made its way onto the market.

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Chris Carter
Wealth Editor, MoneyWeek