Picasso’s “Le Reve” Sold for $155 Million

Pablo Picasso’s “Le Reve” was sold for $155 million at Christie’s on March 26. The price is the highest paid by a U.S. collector for an artwork.

The work was damaged and has been superbly restored. “Le Reve” shows Marie-Therese Walter, described in biographies as the married artist’s mistress, model and muse. Married and 45, Picasso spotted Walter in 1927 on a Paris street when she was 17. She was the artist’s greatest love for the next decade, inspiring numerous paintings and sculptures, according to Picasso’s biographer. The market for pictures of her surged when the 1932 “Nude, Green Leaves and Bust” sold for $106.5 million — a record for any work of art at auction — at Christie’s International in New York in May 2010.


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