Monday, January 5, 2015

Picasso's Granddaughter Is Selling $290 Million Worth of His Art. Sarah Cascone, Monday, January 5, 2015

Marina Picasso — the granddaughter of Pablo Picasso, who had a famously fraught relationship with the artist — is quietly selling off some of his works from her private collection for more than $290 million, Page Six has exclusively learned.
She’s also unloading her grandfather’s famed Cannes villa, “La Californie.”
According to sources, Marina — the daughter of the artist’s son, Paulo Picasso — is selling at least seven of his works, including a 1923 portrait of Pablo’s first wife Olga, titled “Portrait de femme (Olga)” for about $60 million, a 1921 work titled “MaternitĂ©” for about $54 million, plus 1911’s “Femme a la Mandoline (Mademoiselle Leonie assie)” for around $60 million.