Decided the fate of the bust of Picasso for $100 million

Picasso sculpture, "Female bust", 1931, from the collection of Maya Widmaier-Пикассо lost to the client Gagosian Leon black's. Qatar promised financial compensation for moral damage

Пабло ПИКАССО Женский бюст (Мари-Терез). 1931

Decided the fate of the sculptures of Pablo Picasso's "Female bust (Marie-Терез)", 1931, from the collection of Maya Widmaier-Пикассо — daughter of the artist and his Muse Marie-Терез Walter. 80-летняя the owner promised to sell it twice: first, the bust was the promised agent of Qatar Sheikh casima bin Abdulaziz al-Тани (husband sheikhs al-Маяссы, head of the office of museums Qatar), and after — Larry Gagosian, acting on behalf of your client. The amount of the transaction with Sheikh amounted to €38 million ($42 million), and Larry Gagosian, "Female bust" was worth $106 million.

came to court. Larry Gagosian sued an agent of the Qatari dynasty — company Pelham Holdings. In the end the case was decided in favor of the client of Larry Gagosian, who was none other than the famous new-йоркский collector Leon black. The bust will get him and the agent of Qatar — financial compensation for moral damage (its size is not disclosed).

the Material was prepared by Maria Onuchina, AI

Sources: nytimes.com, artinvestment.ru

Permanent link to:
https://artinvestment.ru/en/news/artnews/20160621_picasso_bust.html
https://artinvestment.ru/news/artnews/20160621_picasso_bust.html

When quoting reference to the https://artinvestment.ru without fail

Attention! All materials of the site and database of auction results ARTinvestment.RU, including illustrated reference information about the works sold at auctions, are intended for use exclusively for informational, scientific, educational and cultural purposes in accordance with Art. 1274 of the Civil Code. Use for commercial purposes or in violation of the rules established by the Civil Code of the Russian Federation is not allowed. ARTinvestment.RU is not responsible for the content of materials submitted by third parties. In case of violation of the rights of third parties, the site administration reserves the right to remove them from the site and from the database on the basis of an application from an authorized body.