Picasso’s Blue Period portrait sells for £35m

2010-06-24 14:35

Pablo Picasso’s Portrait of Angel Fernandez de Soto, a work from

the painter’s Blue Period, has sold for nearly £35 million (R401 million) at a

London auction.

The sale price at the Christie’s auction last night was at the

lower end of estimates.

The Blue Period is a term used to define the works produced by the

Spanish painter between 1901 and 1904, when he painted monochromatic paintings

in shades of blue and blue-green, only occasionally warmed by other


The portrait was sold by Andrew Lloyd Webber to benefit his

charitable foundation.

In a further sign of a cautious art market, one of Claude Monet’s

famous Water Lilies paintings failed to sell.

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