A Pablo Picasso masterpiece of his “golden muse” is predicted to trigger a $120m (£100m)-plus bidding war between billionaire art collectors on Wednesday night, in the first big lot of an autumn auction season that is expected to sell more than $2.5bn (£2bn) of art.
The portrait Femme à la Montre (Woman with Watch) will be sold at auction by Sotheby’s in New York at 6pm local time, with a sales estimate in excess of $120m (£98m).
