Just two days before his 140th birthday, some beloved paintings creating the very own Pablo Picasso were sold at a local Las Vegas auction for what was reported to be a sum of over $100 million. The sale took place in Las Vegas, Nevada at the Bellagio hotel, compelling a turn out so big that it officially made this specific event the ‘largest fine auction to take place in Nevada,’ according to a reliable source. Eleven separate paintings were sold to various auctioneers who attended the once-in-a-lifetime event. The head representatives of this event were assembled of respectable members of the Sotheby Institute of Art.
Sotheby’s Chairman and Worldwide head of sales for Global Fine Art previously released the following statement, prior to the commencement of the auction; “It is a privilege to present this exemplary selection of works by Picasso from the MGM art collection in a special auction to support MGM Resorts in evolving their collection to represent a broader and more diverse group of artists. As one of the most famous, beloved, and accomplished artists of all time, we could not imagine anyone better than Picasso to inaugurate this unique art and culture experience.” All of his work had either doubled or tripled in price in order to ensure the buyer understands the true value of what they are purchasing; this also has to do with the fact that artists’ work usually rises in price after they pass away.
Five out of the 11 paintings that were displayed were hung from the wall to show their peak aesthetic capability, while the others were spread out throughout the rooms so you can really indulge in the beauty of Picasso’s work. None of the buyer’s names were made public as of yet, but it was made known that all of the funds that were acquired from this event will be directly put into the act of purchasing more artwork ‘created by people of color, women, and all emerging nations such as LGBTQ artists and artists with unsolvable disabilities,’ according to representatives at Sotheby.