Sotheby's auction house art auction expects $1 billion-plus in May sales

| May 07, 2022, 02:34:06 PM | AP
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Sotheby's auction house on Friday showed off the highlights of its spring sale. Last fall, the auction house set a company record by selling over $1.3 billion worth of art. They expect to match that sales dollar amount during this latest sale of 800 artworks, according to Brooke Lampley, Sotheby's Chairman & Worldwide Head of Sales for Global Fine Art. At auction is a 1932 painting by Pablo Picasso of his lover, titled Portrait of Marie-Thérèse Walter, estimated to sell for more than $60 million.

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