Unique art �blue period� picasso painting may fetch 609 million

Andrew Lloyd Webber, composer of works such as “Cats”, U.K.’s few music millionaire, is going to sell “Portrait of Angel Fernandez de Soto (The Absinthe Drinker)” from Pablo Picasso’s “Blue Period” for charity. Portrait of Angel Fernandez de Soto is a freely painted study of a raffish young Spanish artist sitting in a bar in Barcelona, Picasso’s friend who who was killed in the Spanish Civil War.

The painting will be included in a June 23 auction of Impressionist and modern art) at a London. It may fetch as much as 40 million pounds ($60.9 million). The “Blue Period” canvas is the most highly estimated work of art to be offered at auction in Europe. Lloyd Webber bought this piece of art for $29.2 million using funds donated by the composer himself, said Christie’s. The auction price will be donated to Lloyd Webber’s charity to promote arts and culture throughout the UK.
Tags: unique art, luxury goods, most expensive

Via:  bloomberg