Sotheby’s in Dubai is currently exhibiting a rare 1932 masterpiece by Pablo Picasso titled ‘Femme à la Montre’. Experts believe that some of the bids could come from the UAE, acknowledging the country’s emerging status as a hub for art aficionados. The painting is anticipated to be sold for a minimum of $120 million, approximately Dh440 million.
The artwork, a portrait of Marie-Thérèse Walter, stands as the highest value painting ever brought to the Middle East by an auction house. It attracted a diverse crowd, ranging from children to art lovers, within hours of its public display at the Dubai International Financial Center (DIFC).
Previously owned by the late art collector Emily Fisher Landau, who acquired it for $300,000 in 1968, the painting, along with over 120 works from Landau’s collection, is set to be auctioned in Sotheby’s New York, potentially generating more than $400 million.
The artwork is famed for its depiction of a watch, a rare feature in Picasso’s paintings, highlighting his interest in watch collecting and his relationship with Walter, often referred to as Picasso’s golden muse. Painted in a pivotal year for Picasso, it symbolizes his ambition and artistic evolution, encapsulating his essence and cross-cultural relevance.
This illustrious piece will be available for public viewing in the DIFC until September 26, before travelling internationally and returning to New York for auction in November.