Rare Picasso self-portrait, when he was under Nazi threat, expected to fetch $70m

accreditation

Hong Kong - A rare Picasso believed to be a self-portrait created when he was under threat of deportation to a Nazi concentration camp is expected to fetch $70m at auction, Christie's said on Friday as the work went on view in Hong Kong.

The oil painting "Le Marin" depicts a sad-looking man dressed in a blue and white striped sailor's shirt sitting on a chair.

Le Marin

Conor Jordan, deputy chairperson of impressionist and modern art at Christie's looks to Pablo Picasso's 'Le Marin' during a media preview of Christie's Hong Kong Spring Sales in Hong Kong on March 30, 2018. (Philip Fong/AFP)

"You have... a slightly dark sense around the picture. It's nervous, it's on edge and slightly gloomy," said Conor Jordan, deputy chairperson of impressionist and modern art at Christie's.

The 130 by 81-centimetre  vertical painting shows the man resting his head against his right hand, while his legs are crossed with his left hand on his knee.

"That's a traditional symbol of melancholy," Jordan added.

Created in 1943, during the Nazi occupation of France, the painting reflects the distress and anxiety of the Spanish painter who was under threat of being sent to a concentration camp in Germany.

Le Marin's last appearance was 21 years ago at an auction of works from the collection of New York art collectors Victor and Sally Ganz.

The painting will be on view in Hong Kong until April 3. It will go under the hammer in New York on May 15 as part of a sale of Impressionist and Modern Art by Christie's.

Le Marin is set to fetch "one of the five highest prices" for a Picasso piece at auction, according to Christie's.

Last November, a series of 100 Picasso etchings which deal with his erotic obsessions and marital strife, as well as political turmoil in the 1930s, sold for US$2.2m in Paris to an unnamed American collector.

Picasso's "The Women of Algiers (Version 0)" set a world record as the most expensive piece of art sold at auction when it fetched $179.4m at Christie's in New York in 2015.

* SUBSCRIBE FOR FREE UPDATE: Get Fin24's top morning business news and opinions in your inbox.

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
Rand - Dollar
13.78
-0.0%
Rand - Pound
19.41
+0.2%
Rand - Euro
16.71
-0.1%
Rand - Aus dollar
10.59
+0.4%
Rand - Yen
0.13
-0.0%
Gold
1,857.18
-0.5%
Silver
27.65
-0.8%
Palladium
2,760.89
+0.2%
Platinum
1,154.01
-1.2%
Brent Crude
72.86
+0.2%
Top 40
61,062
-1.0%
All Share
67,311
-0.9%
Resource 10
64,119
-2.2%
Industrial 25
88,248
+0.0%
Financial 15
13,596
-0.9%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Voting Booth
Have you noticed a difference in the voices of women compared to men in virtual meetings?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, there is a difference.
29% - 69 votes
No, I haven't noticed it.
62% - 148 votes
A bad internet connection worsens it.
8% - 20 votes
Vote