Picasso drawings make EUR 1.5 million at auction

28th June 2005, Comments 0 comments

PARIS, June 27 (AFP) - A collection of sketches and engravings created by Pablo Picasso in the 1950s and given to his young lover and muse, poetess Genevieve LaPorte, raised over EUR 1.5 million at auction in Paris on Monday, within pre-sale estimates.

PARIS, June 27 (AFP) - A collection of sketches and engravings created by Pablo Picasso in the 1950s and given to his young lover and muse, poetess Genevieve LaPorte, raised over EUR 1.5 million at auction in Paris on Monday, within pre-sale estimates.

The highest price, EUR 410,000, was paid for a drawing called "Odalisque", bought by the French state for the Picasso Museum in Paris.

In all, the lots raised EUR 1.54 million (including fees), at the low end of the EUR 1.5-2 million pre-auction estimate.

The proceeds of the sale -- 18 sketches, some engravings and a pendant -- will go towards the creation of an animal welfare foundation.

LaPorte, now 78, described the drawings, sold by Artcurial, as "love letters" and expressed mixed feeling about selling them, in an interview with AFP.

"As you can imagine, I am not jumping with joy," said the author, still flashing the radiant smile so often captured by Picasso during their brief relationship as lovers in the early 1950s.

"But it is such a shame to keep them in a safe," she said, explaining that her insurance company had insisted on thus protecting them because she lived alone in an isolated woods.

"I just hope that the drawings are purchased by someone who loves them as much as I do," she said.

Copyright AFP

Subject: French news

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