A mixed-media painting attributed to Pablo Picasso has been sold after spending 50 years in a closet in a house in Maine, US.
John McInnis Auctioneers, in Massachusetts, confirmed that the painting entitled Le Tricorne sold on Saturday, The Boston Globe reported.
The 40 x 40 centimetre painting is signed and dated in the year 1919. It is believed to be a study of the stage curtain Picasso painted for a ballet of the same name that debuted that year in London, according to the New-York Historical Society. That curtain has been on display at the historical society in New York City since 2015.
The website liveauctioneers.com reported the sale price of the painting was $150,000, plus a 24 per cent buyer’s premium.
Neither the buyer nor the seller was named, but the seller gave a statement on the website saying the painting was found in a closet of a home his father inherited from a female relative who studied art in Europe in the 1920s.
“This painting was discovered in a house owned by my great aunt which was passed down to her from her uncle in the late 1930s,” the statement reads. “There were several paintings kept in a closet for 50 years (including this example) which were left by her at the time of the passing of the house to my father and now to me.”
The buyer will have at least 120 days to authenticate the painting with The Claude Picasso Administration, which is managed by the artist's son.
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UAE currency: the story behind the money in your pockets
Episode list:
Ep1: A recovery like no other- the unevenness of the economic recovery
Ep2: PCR and jobs - the future of work - new trends and challenges
Ep3: The recovery and global trade disruptions - globalisation post-pandemic
Ep4: Inflation- services and goods - debt risks
Ep5: Travel and tourism
Tailors and retailers miss out on back-to-school rush
Tailors and retailers across the city said it was an ominous start to what is usually a busy season for sales.
With many parents opting to continue home learning for their children, the usual rush to buy school uniforms was muted this year.
“So far we have taken about 70 to 80 orders for items like shirts and trousers,” said Vikram Attrai, manager at Stallion Bespoke Tailors in Dubai.
“Last year in the same period we had about 200 orders and lots of demand.
“We custom fit uniform pieces and use materials such as cotton, wool and cashmere.
“Depending on size, a white shirt with logo is priced at about Dh100 to Dh150 and shorts, trousers, skirts and dresses cost between Dh150 to Dh250 a piece.”
A spokesman for Threads, a uniform shop based in Times Square Centre Dubai, said customer footfall had slowed down dramatically over the past few months.
“Now parents have the option to keep children doing online learning they don’t need uniforms so it has quietened down.”
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SCORES
Multiply Titans 81-2 in 12.1 overs
(Tony de Zorzi, 34)
bt Auckland Aces 80 all out in 16 overs
(Shawn von Borg 4-15, Alfred Mothoa 2-11, Tshepo Moreki 2-16).
THE BIG THREE
NOVAK DJOKOVIC
19 grand slam singles titles
Wimbledon: 5 (2011, 14, 15, 18, 19)
French Open: 2 (2016, 21)
US Open: 3 (2011, 15, 18)
Australian Open: 9 (2008, 11, 12, 13, 15, 16, 19, 20, 21)
Prize money: $150m
ROGER FEDERER
20 grand slam singles titles
Wimbledon: 8 (2003, 04, 05, 06, 07, 09, 12, 17)
French Open: 1 (2009)
US Open: 5 (2004, 05, 06, 07, 08)
Australian Open: 6 (2004, 06, 07, 10, 17, 18)
Prize money: $130m
RAFAEL NADAL
20 grand slam singles titles
Wimbledon: 2 (2008, 10)
French Open: 13 (2005, 06, 07, 08, 10, 11, 12, 13, 14, 17, 18, 19, 20)
US Open: 4 (2010, 13, 17, 19)
Australian Open: 1 (2009)
Prize money: $125m
