A Pablo Picasso painting of his mistress and model Marie-Therese Walter titled "La Lecture" fetched 25.2 million pounds ($40.7 million) at a Sotheby's auction, above pre-sale estimates.
Christie's said that it would offer a Pablo Picasso portrait of his lover Marie-Therese Walter at auction in June on behalf of the University of Sydney.
Police have recovered a Picasso drawing stolen from a San Francisco art gallery and arrested the man suspected of taking the valuable sketch, authorities said.
Three men are being formally investigated over the theft of five famous paintings by artists including Pablo Picasso and Henri Matisse from a French museum, the Paris Prosecutor's office said, in a heist worth US$130 million.
Police in Serbia have recovered two paintings by Pablo Picasso stolen in 2008 from a gallery in Switzerland, Belgrade's interior minister said today.
Three works of art, including one by Pablo Picasso and another by Dutch painter Piet Mondrian, were stolen from Greece's National Gallery, police said.
An important early work by Pablo Picasso painted when he was just 19 or 20 has been put up for sale by its aristocratic Welsh owners, and is estimated to be worth around 50 million pounds ($80 million).
Known for his long and passionate personal life as well as his prodigious output, Pablo Picasso has proved to be the most bankable of artists over the past 20 years.
Britain has placed a temporary export ban on a key Picasso painting which had been on loan to a public gallery since 1974 before its aristocratic owners decided to put it up for sal
A 1932 portrait by Pablo Picasso of his young lover and a pioneering 3-D Andy Warhol painting of the Statue of Liberty are expected to sell for at least $35 million each, but could fetch much more when they are auctioned next month.
Thieves made off with paintings by Picasso, Matisse, Monet and other prominent modern artists from Rotterdam's Kunsthal museum early on Tuesday in a brazen and meticulously planned operation.
A Pablo Picasso portrait of his mistress and "golden muse" Marie-Therese Walter sold for 28.6 million pounds ($45 million) today, leading an important Sotheby's auction of impressionist, modern and surrealist art.
The son of Pablo Picasso, Claude, accused French authorities of dishonouring his father by delaying the re-opening of the Picasso Museum in Paris. "I get the impression that France couldn't give a damn about my father or me," he told Le Figaro newspaper.
The head of Paris' Picasso museum has been sacked as a looming staff revolt and a disputed renovation threatened the long-delayed reopening of the world's largest collection of the Spanish artist's works.
A book that reproduces Picasso’s painting with a special fabric that releases different aromas when touched seeks to make the Spanish painter’s work available to the visually impared.
The Picasso Museum in Paris reopened today after a five-year closure for a costly renovation with President Francois Hollande urging crisis-hit France to draw inspiration from the Spanish painter.