Femme a la Montre (Woman with a Watch) also became the most valuable piece in this year’s auction.

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The painting depicts the French model Marie-Thérèse Walter, who was also the Spanish artist’s lover and the subject of many of his paintings.

The work has a pre-sale estimate of $120 million.

Formerly owned by the late art collector Emily Fisher Landau, who purchased the work in 1968, it has been acquired by an anonymous buye

Femme a la Montre (Woman with a Watch) also became the most valuable piece in this year’s auction.

Femme a la Montre is a portrait of Walter seated in a throne-like chair against a blue background.

Known as Picasso’s “golden muse,” Walter met the 45-year-old Picasso in Paris at the age of 17, and the two later secretly dated while Picasso was still married to the Ukrainian ballerina Olga Khokhlova.

Walter became the subject of many of Picasso’s paintings, including Femme Nue Couchee (Reclining Nude) from 1932, which sold for $67.5 million at auction in 2022.

Picasso’s most expensive painting sold at auction was Les Femmes d’Alger, which sold for $179.3 million at Christie’s in 2015.

Born in Malaga in 1881, Picasso grew up in Barcelona and moved to Paris in 1904, where he became one of the most important artists of the 20th century.

Throughout his artistic career, he experimented with a variety of styles and subjects, most notably “Cubism,” in which objects or figures are represented from multiple angles at once.

During his eight-year career, he produced some 150,000 works.

A father of four, he died in the south of France in 1973 at the age of 92.

Although his creative legacy has never been questioned, in recent years his behavior has been. He was accused of cruelty, prostitution and coercion.

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