Phillips has announced that is will be selling a 4′ x 5′ Picasso painting of Marie-Therese from 1932, currently a trifecta of Picasso demand, in its March sales in London next year. The work is estimated at $15-20m and will be on view in New York during the current auction cycle:

Pablo Picasso’s monumental Sleeping Nude will be sold as the centerpiece of Phillips’ 20th Century & Contemporary Art Evening Sale in London in March 2018. This extraordinary large-scale portrait of Picasso’s muse, Marie-Thérèse Walter, was executed in 1932 and remained in Picasso’s own collection until the end of his life, when it was inherited by his widow, Jacqueline Roque, and subsequently by her daughter. Sleeping Nude is emblematic of an iconic period of Picasso’s oeuvre that was shaped by his devotion to Marie-Thérèse. The work was acquired in 1995 by the present owner, a European private collector. It will be on view at Phillips’ New York from 3 November, and Hong Kong from 23 November 2017.