Yes, many works by Picasso have been sold under guarantee in the past. The Auction Guarantee Fund has also guaranteed a work by the artist in the past, Guitare, Verre, Bouteille de Vieuz Marc, which we purchased in May 2014 for $5,373,000 including Buyer’s Premium.
3. Rarity value of the work in question
"The theme of the artist and [their] model, or of art in practice, is a corollary of the studio theme," Marie-Laure Bernadac has written. "It runs like a thread through [Picasso’s] whole career, mostly concealed but sometimes quite explicit" (Late Picasso, exh. cat., Tate Gallery, London, 1988, p. 74).
During the winter of 1927-28 Picasso made two large paintings of an artist