Pablo Picasso Work Sells for $11.36m to Deliver a 2% Annualized Return

Pablo Picasso, Le peintre et son modèle (1964), sold for $11.36m (GBP8.52m), more than the low estimate at Christie's in London on March 5.

The sale beat the previous auction result for this work by $1.01m, equivalent to an annualized return of 2%. It last sold at auction in 2022 for $10.35m at Christie's.

Oil and ripolin on canvas, 130.0 x 195.0cm. The work has been traded 4 times in the past.