One of Picasso's daughters has given eight of his artworks and a book of drawings to the French state in lieu of inheritance tax at a ceremony on Sept. 20.
Six paintings and two statues by the Spanish master were handed over to the state-run Picasso Museum in Paris by his daughter Maya Ruiz-Picasso, his daughter by French model Marie-Therese Walter.
Some 11 Picasso paintings and works by the Spanish artist are going up for auction in October as casino and hotel group MGM Resorts seeks to further diversify its vast art collection.
The auction will take place on Oct. 23 in the Bellagio hotel in Las Vegas, where the works were on display, MGM Resorts and Sotheby's said on Aug. 11.
Pablo Picasso's "Woman Sitting Near a Window (Marie-Therese)" sold on May 13 for $103.4 million at Christie's in New York, the auction house said.
The painting, completed in 1932, was sold after 19 minutes of bidding for $90 million, which rose to $103.4 million when fees and commissions were added, Christie's said.
A Pablo Picasso painting depicting his muse Marie-Therese Walter with future lover Dora Maar emerging from the shadows behind is expected to fetch an eye-watering sum at a London sale next week.