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Picasso painting of muse, future lover fetches European record £50 mln

A Pablo Picasso portrait of his muse Marie-Therese Walter with future lover Dora Maar emerging from the shadows fetched £50 million (57 million euros, $69 million) at a London sale Wednesday, a European auction record for a painting.

The 1937 “Femme au Beret et a la Robe Quadrillee (Marie-Therese Walter)” beat expectations it would sell for £36 million (41 million euros, $50 million) at the sale of impressionist, surrealist and modern art at auction house Sotheby’s. It was the first time the oil on canvas had emerged on the international art market and headlined the auctioneer’s first major sale of the year, it said.

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