
Picasso Painting That Cost S. I. Newhouse a MoMA Board Position Heads to Christie’s for $55 M.
Christie’s New York will auction 16 masterpieces from the collection of late Condé Nast magnate S. I. Newhouse on May 18, with an estimated total of $450 million. The highlight is Pablo Picasso’s Cubist painting *Homme à la guitare* (1913), estimated at $35–55 million, which Newhouse acquired in 2000 for $10 million after MoMA sold it from its collection. Newhouse, then a MoMA board member, violated museum policy by buying the work and subsequently resigned from the board.


















:max_bytes(150000):strip_icc()/TAL-geffen-galleries-lacma-view-from-wilshire-blvd-tony-smith-smoke-LACMAGEFFEN0426-8362a94642d943fb96ec8ff6fa00e763.jpg)


