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$20M-$30M Picasso portrait up for sale

| Wednesday, Sept. 13, 2017, 11:33 a.m.
Christie's auction house staff pose for photographs with the 1954 Pablo Picasso painting 'Femme accroupie (Jacqueline)', a portrait of Jaqueline Roque, Picasso's final great muse and eventually his second wife, at their premises in London, Wednesday, Sept. 13, 2017. The painting is estimated to fetch between $20 and $30 million (16.7 and 25 million euro) in an Evening Sale of Impressionist and Modern Art on November 13 in New York. (AP Photo/Matt Dunham)
Christie's auction house staff pose for photographs with the 1954 Pablo Picasso painting 'Femme accroupie (Jacqueline)', a portrait of Jaqueline Roque, Picasso's final great muse and eventually his second wife, at their premises in London, Wednesday, Sept. 13, 2017. The painting is estimated to fetch between $20 and $30 million (16.7 and 25 million euro) in an Evening Sale of Impressionist and Modern Art on November 13 in New York. (AP Photo/Matt Dunham)

LONDON — A late Picasso portrait of his paramour Jacqueline Roque is going up for auction for the first time, with an estimated price of up to $30 million.

Christie's auction house said Wednesday it will offer “Femme accroupie (Jacqueline)” at a Nov. 13 New York sale.

Painted in October 1954, the portrait hung for years in Picasso's private collection and has rarely been seen in public.

Christie's global president, Jussi Pylkkanen, says it is “a museum-quality painting” of “one of Picasso's most elegant muses.” Roque was married to the artist from 1961 until his death in 1973.

It is being sold from a private collection, and Christie's estimates it will fetch $20 million to $30 million.

The painting will be on public display at Christie's London showroom from Saturday until Tuesday.

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