Picasso, Monet from William Koch collection to be auctioned The Wichita, Kan.,-born billionaire is a collector and sailor
The 1908 painting, Water Lilies, by French Impressionist Claude Monet, will be auctioned by Sotheby's for the William I. Koch collection. (Credit: Sotheby's via AP)
Published October 10th, 2015 at 3:00 PM
NEW YORK (AP) — An erotic painting of a cabaret singer by Pablo Picasso with a second picture on the reverse side could bring over $60 million at auction.
Picasso’s “The Night Club Singer” from his Blue Period was created in 1901.
A bawdy picture of his dealer, Pere Manach, is on the back. Sotheby’s says it was revealed during a 2000 conservation. An inscription indicates it was intended as a gift to Manach.
The seller is billionaire businessman William Koch (kohk), who displayed it so it could be seen from both sides. He’s also selling a 1908 “Water Lilies” painting by Claude Monet. It’s estimated at $30 million to $50 million.
The sale is Nov. 5.
Koch is a 1992 America’s Cup winner and brother of conservative donors Charles and David Koch.