The Metropolitan Museum sells Picasso’s first cubist sculpture for $48M
The cash-strapped Metropolitan Museum dumped a spare Picasso last year for $48.5 million.
The sculpture was one of two in the museum’s collection, the first donated more than 25 years ago in a bequest by Florence Schoenborn, an art collector and former board member, and the second by Estee Lauder heirThe massive haul from the “deaccessioned” Picasso and other work was a record $44 million, and will go toward future art purchases, according to the museum.by the COVID-19 pandemic which forced it to close for six months. It laid off workers and offered early retirement packages.
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