Picasso to auction in New York priced $60,000

The art market's biggest selling artist will be one to watch in Swann's New York auction, later today

Swann's two-part sale of Old Masters through Modern Prints begins later today in New York, spread across a morning and afternoon session.

Among the sale's projected highlights is a colour linoleum cut from 1962 by Pablo Picasso.

L'Espagnole (pictured) measures 13 ¾ by 10 5/8 inches and is numbered 41 of 50, and bears the autograph of the 20th century master himself.

L'Espagnole by Pablo Picasso, signed and dated 1962

Described by Swann as "a superb, richly-inked impression with strong colours," the work will auction later today with an estimate of $40,000-60,000.

Swann's sale begins in New York at 10.30am. The Picasso will sell in the afternoon session which begins at 2.30pm.

Elsewhere, a work by "Picasso's Muse" Francoise Gilot is also available on the market and currently for sale to collectors and investors.

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Images: Swann