Marina Picasso, who inherited nearly 10,000 works of art created by Pablo Picasso – including paintings, ceramics, drawings, etchings and sculptures – is bypassing dealers and auction houses to sell the art to "finance and broaden her philanthropy."
The New York Times recently reported that Ms. Picasso "has been regularly selling her grandfather's works for years to support herself and her charities," however, she seems to be "accelerating" her sale of art and acting more aggressively to "purge herself of her legacy."
While the private sale of artwork is not entirely unusual, Ms. Picasso's strategy of selling an undetermined number of works "one by one, based on need" by word-of-mouth advertising is raising eyebrows in the art market.
Read more about Marina Picasso's sales strategy and strained family history here.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
