Lawsuit Filed Over Ownership of Major Picasso Bust

January 13th, 2016

Bust of a Woman, via NYTA major dispute has arisen over the sale of a Picasso bust, with Larry Gagosian and the royal family of Qatar facing off in court to determine who purchased the work rightfully from the artist’s daughter Maya Widmaier-Picasso.  Gagosian claims he purchased the work in May of last year for $106 million, while the Qatari royals claim they had arranged to buy the work in 2014 for $42 million, with both parties bringing forward documentation showing a considerable amount of wrangling and attempts to change the conditions of the deal.  “It’s regrettable that this has come to a quarrel between dealers and collectors,” said John Richardson, Picasso’s biographer. “It’s a major work by Picasso.”

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