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Created: 20 September 2023

NEW YORK, Sept 14, 2023 (BSS/AFP) - The November auction of a Pablo Picasso masterpiece, the late Spanish painter's "Femme a la montre" from 1932, is expected to fetch at least $120 million, Sotheby's announced Wednesday.

The painting, which depicts Picasso's mistress wearing a watch, will be sold as part of a two-day auction of late New Yorker Emily Fisher Landau's prestigious collection.

Other works up for sale include pieces by Jasper Johns, Willem de Kooning, Mark Rothko and Andy Warhol.

Fisher Landau, a longtime board member of the Whitney Museum of American Art in New York and a renowned art patron and collector, passed away in March at age 102.

Sotheby's said in a statement that around 120 pieces from her collection would be for sale and "estimated to bring well over $400 million" in total, with "Femme a la montre" making up a significant portion.

Julian Dawes, head of the Sotheby's Impressionist and Modern Art division, called the Picasso painting "a masterpiece by every measure."

"It is full of joyful, passionate abandon yet at the same time it is utterly considered and resolved," said Dawes, noting its creation in 1932 was part of Picasso's "annus mirabilis," or miracle year.

The year 1932 was so important in Picasso's work that an entire exhibition was devoted to it in 2018 at London's Tate Modern museum.

Marie-Therese Walter (1909-1977) was Picasso's "golden muse" who would go on to be featured in "many of his most accomplished portraits," Sotheby's said.

The lovers met in Paris in 1927, when the Spaniard was still married to Russian-Ukrainian ballet dancer Olga Khokhlova, and while Walter was 17.

Walter, whose daughter with Picasso passed away last year, was also featured in "Femme assise pres d'une fenetre (Marie-Therese)," which sold in 2021 for $103.4 million by Christie's auction house.

Fifty years after his death in 1973 at age 91, Picasso remains one of the most influential artists of the modern world, often hailed as a dynamic and creative genius.

But in the wake of the #Metoo movement, the reputation of this workaholic with a vast output of paintings, sketches and sculpture has been tarnished by accusations he exerted a violent hold over the women who shared his life and inspired his art.

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Created: 20 September 2023

MILAN, Sept 20, 2023 (BSS/AFP) - The top names in Italian fashion are showcasing their work at Milan Fashion Week starting Wednesday, with expectations high for the first Gucci collection under its new creative director.

Almost 70 catwalk shows are scheduled over six days in the northern Italian city, with Fendi, Prada, Versace, Dolce & Gabbana, Bottega Veneta and Giorgio Armani among those showing their spring-summer 2024 collections.

The hottest ticket in town is Friday's Gucci show, the first under new artistic director Sabato De Sarno.

The Italian, who previously supervised the men's and women's collections at Valentino, was named in January to replace star designer Alessandro Michele.

The legendary brand, owned by French luxury group Kering, has also seen the departure of long-time chief executive Marco Bizzarri this year as it grapples with stagnating sales.

There are other new faces this week, with Tom Ford making its Milan debut under the leadership of Peter Hawkings and Simone Bellotti's first collection as design director at Bally.
 
Off the catwalk, 76 presentations and 33 events are planned, including Moschino's 40th birthday celebrations.

Moncler, known for its puffer jackets, is presenting Wednesday its new collection in collaboration with musician turned designer Pharrell Williams, who made his debut for Louis Vuitton in Paris in June.

And Diesel is repeating an initiative trialled with success last year, with a show Wednesday to which ordinary members of the public were able to obtain tickets.

According to data from Italy's national fashion chamber, industry sales were up seven percent over the first six months of 2023.

"We estimate annual sales to increase by 4.5 percent compared to 2022, at more than 103 billion euros ($110 billion)," said chamber president Carlo Capasa.

Exports are forecast to be up six percent over the year. Between January and May, exports to China and Japan were up more than 18 percent.

Matteo Zoppas, head of Italy's trade and investment agency, said the "Made in Italy" brand remained strong.

"Compared to general growth in Italian exports of 4.8 percent in the first five months of 2023, fashion exports rose 7.4 percent in the same period -- and female fashion was up 11.4 percent," he said in a statement.

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Created: 26 February 2015