Picasso ‘Femme nue et homme au fanion’ offered at US$15m to US$20m on 18 November
Sotheby’s is selling four late Picasso works from one European family with a combined estimate of US$30m to US$42m, two of them out of public view since 1970.
Original reporting:Sotheby's · 19 October 2026Sotheby's · 19 October 2026
Written with AI by the Luxury Assets News desk. How we work.
What happened
Sotheby’s will offer Pablo Picasso’s ‘Femme nue et homme au fanion’ (1969) in New York on 18 November, estimated at US$15m to US$20m.
That painting and ‘Couple’ (1970) have not been in public view since the 1970 Picasso exhibition at the Palais des Papes in Avignon, Sotheby’s said. The four works come from a European family.
‘Couple’ is estimated at US$10m to US$15m, ‘Le Peintre et son modèle’ (1964) at US$2.5m to US$3.5m and ‘Nu’ (1972) at US$2.5m to US$3.5m. All four go into the Modern Evening Auction.
Estimates leave out the buyer’s premium and overhead premium, the fees added to the hammer price (the price when the auctioneer’s gavel falls).
Sotheby’s says the paintings of Picasso’s final two decades, known as his Heroic Years, have been critically reappraised and are now widely seen as his final flourish. The house said many of the works were inspired by his last wife, Jacqueline Roque.
The group was unveiled in Paris on 19 October, where it can be seen until 23 October. It shows in New York from 7 to 17 November.
Key issues: our analysis
- Two paintings out of public view since 1970
- Estimates exclude buyer’s premium and overhead premium
- Critical reappraisal of Picasso’s final two decades
Who should pay attention
- Family offices
What to watch
- Modern Evening Auction at Sotheby’s New York on 18 November 2026
- Whether results are reported as hammer price plus buyer’s premium and overhead premium
Sources
- Source: Sotheby's · 19 October 2026
- Source: Sotheby's · 19 October 2026
How this was produced
This original summary was prepared with AI from the linked reporting and published through automated editorial checks. It has not been individually verified by a human editor. Analysis sections are our interpretation. For information only; not financial, investment, tax or legal advice. Editorial standards · Corrections.
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