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NOT SO BLUE A 1937 Picasso portrait brought a smile to the faces of auctioneers as it raised £49.8m in a sale at Sotheby's yesterday

Mar 01, 2018 - City A.M.

PABLO Picasso's "Femme au beret et a la robe quadrillee", a portrait of his once-mistress Marie-Therese Walter, garnered the second-highest auction price for any work of art ever sold in Europe as it was scooped up at Sotheby's yesterday for £49.8m. The painting came from a "distinguished private collection" and had never been seen on the market previously.