Picasso, Monet from William Koch collection to be auctioned

AP News
|
Posted: Oct 09, 2015 10:07 AM
Picasso, Monet from William Koch collection to be auctioned

NEW YORK (AP) — An erotic painting of a cabaret singer by Pablo Picasso with a second picture on the reverse side could bring over $60 million at auction.

Picasso's "The Night Club Singer" from his Blue Period was created in 1901.

A bawdy picture of his dealer, Pere Manach, is on the back. Sotheby's says it was revealed during a 2000 conservation. An inscription indicates it was intended as a gift to Manach.

The seller is billionaire businessman William Koch (kohk), who displayed it so it could be seen from both sides.

He's also selling a 1908 "Water Lilies" painting by Claude Monet. It's estimated at $30 million to $50 million.

The sale is Nov. 5.

Koch is a 1992 America's Cup winner and brother of conservative donors Charles and David Koch.

___

This story has been corrected to show the correct title of the work is "Water Lilies," not "Water Lily."