Picasso's La Gommeuse to make $60m?

Picasso's La Gommeuse will auction with a $60m estimate in November.

The 1901 work stems from the first year of Picasso's blue period (1901-1904), when the teenage artist was plunged into depression following the suicide of a friend.

Picasso La Gommeuse
La Gommeuse is one of few Picasso blue period paintings still in private ownership

One of few blue period works still on the private market, it will appear at Sotheby's impressionist and modern art evening sale on November 5 in New York.

"Above all others, Picasso's Blue Period is prized as his breakthrough - this is the moment Picasso becomes Picasso," explained Simon Shaw, co-head of Sotheby's worldwide impressionist and modern art department.

"With her dreamy gaze and frank sensuality, the cabaret dancer in La Gommeuse ushers in a new visual idiom for the 20 century."

This canvas offers a further treat for Picasso fans. Because on the reverse is another Picasso - a depiction of his naked flatmate, Pere Manach, urinating.

Picasso reverse side
On the reverse is this more playful Picasso work

The piece is from the collection of billionaire William Koch.

He bought it for £1.4m ($1.7m) in 1984. It first sold in 1949, for $3,600.

Picasso remains the most collectible figure in the art world. His Les Femmes d'Alger Version O (1955) broke the art auction record when it sold for $179.3m in May.

Koch, 75, is also consigning a 1908 work from Monet's water lilies series. It has a $50m high estimate - a significant increase on the $8.4m Koch bought it for in 2000. A 1906 example of the 250 water lilies Monet painted recently sold for £31.7m ($54m).

View this superb Picasso-signed postcard we have for sale.

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