Marie-Thérèse Walter

Picasso family hands over works to pay French tax

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.

Picasso painting sells for $103 mln in New York

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.