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Picasso portrait of Dora Maar sells for $37 mn

Pablo Picasso's portrait of Dora Maar, his mistress and principal source of inspiration, is prepared at Sothebeys auction house in London, 22 March 2006. AFP
  • Entitled "Bust of a Woman With a Flowery Hat", the oil portrait of photographer, painter and poet Maar is a riot of colours and thick, black lines
  • The Spanish master painted it on July 11, 1943 and it was acquired in August 1944 by a private French collector, grandfather of the former anonymous owners

Paris, France – A previously unknown portrait by Pablo Picasso of French artist Dora Maar — the painter’s best-known muse — sold for 32 million euros ($37 million) in Paris on Friday, auction house Drouot told AFP.

Entitled “Bust of a Woman With a Flowery Hat”, the oil portrait of photographer, painter and poet Maar is a riot of colours and thick, black lines.It was “sold to a foreign buyer present in the room”, the auction house said.
The Spanish master painted it on July 11, 1943 and it was acquired in August 1944 by a private French collector, grandfather of the former anonymous owners.
The sale far outstripped the reserve price of eight million euros ($9.5 million).Picasso sales are used as a leading indicator for the art market as a whole, which has slumped in recent years.