Woman with a Watch, one of the masterpieces of Spanish painter Pablo Picasso, was sold at an auction in New York on Wednesday. The 1932 canvas has fetched 139.3 million dollars (130.1 million euros). It is the highest amount paid for a work of art this year.
It is also the second highest amount ever paid for a Picasso. His work Women of Algiers (Version ‘O’) sold for $179.3 million at a Christie’s auction in 2015.
Woman with Watch represents one of Picasso’s muses: the French painter Marie-Thérèse Walter. The two met in Paris and had an affair. Picasso was still married at the time. The artist was inspired by his muse, 28 years his junior, for various works.
Prior to the auction at Sotheby’s, the work was valued at 120 million dollars (112.1 million euros). It is not known who bought the painting.
Until recently, the work hung in the New York apartment of the famous art collector Emily Fisher Landau. She bought Woman with Watch in 1968.
The wealthy American collected countless works of art. Fisher Landau died in March at the age of 102. Her collection, which also includes works by Piet Mondriaan and Andy Warhol, among others, is now being auctioned. The collection is estimated to be worth around $400 million.