Picasso masterpiece projected to fetch $120M in Sotheby auction

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Picasso masterpiece projected to fetch $120M in Sotheby auction
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The painting depicting the artist's mistress wearing a watch will be sold as part of a two-day auction of late New Yorker Emily Fisher Landau's prestigious collection.

The November auction of a Pablo Picasso masterpiece, the late Spanish painter's"Femme a la montre" from 1932, is expected to fetch at least $120 million.

"It is full of joyful, passionate abandon yet at the same time it is utterly considered and resolved," said Dawes on Wednesday, noting its creation in 1932 was part of Picasso's"annus mirabilis," or miracle year. Sotheby's said in a statement that around 120 pieces from her collection would be for sale and"estimated to bring well over $400 million" in total, with"Femme a la montre" making up a significant portion.

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