Picasso Artpieces to Fetch Millions of Dollars
On November 4 and 5, 29 Picasso artworks at Christie’s in New York City will be heading to auction courtesy of the famed collector Jan Krugier.
Earlier this month an online raffle gave about 50,000 art admirers the opportunity to own their very own $1million Picasso drawing for just $135; A venture which fetched the online over $6million.
The pieces include wood sculptures, minotaur sketches and portraits of Paloma. The bevy of Picasso masterpieces are set to be auctioned at the same time, with one lot alone boasting a $35 million high estimate and some other 12 pieces costing as much as $90million.
Krugier entered into the art world in the 1940s, eventually opening his own gallery in Geneva, Switzerland. He staged his first exhibition of Picasso’s work following the artist’s death in 1973, and eventually struck a close relationship with the Picasso family and a lifelong dedication to collecting Picasso’s works.
Krugier,who was a Holocaust survivor and philanthropist, was always eager to share his collections — including his pricey Picassos — with audiences across Europe.
“I want to share my secret with people all over the world, so they can be touched by something heroic, sublime, outside time,” he once said. “I have experienced the most monstrous aspects of humanity, and I believe that only beauty can save the world.”
Krugier died in 2008, and now his beloved treasures are up for sale. Besides a 29 Pablo Picasso originals, the collection also includes Wassily Kandinsky’s “Herbstlandschaft,” valued at $25 million, as well as Alberto Giacometti’s “Femme de Venise I,” estimated to fetch up to $12 million.