Picasso, Monet from William Koch collection to be auctioned
October 10, 2015 | Flatland | 1 min read
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.
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