Online auction of 200 works of Pablo Picasso raises almost £5 million

The highest selling item was a 1950 vase - 'Grand Vase aux Femmes Nues' - which sold for 435,000 pounds.

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Picasso, who died in France in 1973 aged 91, was one of the most influential artists of the twentieth century and was one of the founders of the Cubist movement.
LONDON: An online auction of almost 200 works spanning the career of world famous Spanish artist Pablo Picasso fetched almost five million pounds, London auctioneers Sotheby's said on Friday.

It was the first auction organised by Sotheby's since the UK partially lifted its coronavirus lockdown rules in the first half of May.

The 10-day World of Picasso sale ending Thursday included 60 works from the private collection of the artist's granddaughter Marina Picasso.


Some 188 works together totalled 4,832,125 pounds or $6,128,101 with 92 percent of lots sold and 83 percent of those "selling for prices above their high estimates," Sotheby's said in a statement.

The highest selling item was a 1950 vase - "Grand Vase aux Femmes Nues" - which sold for 435,000 pounds (482,000 euros, $540,000), said Sotheby's.

Another notable sale was a palette used by Picasso, which sold for more than 56,000 pounds despite having a maximum sale estimate of just 6,000 pounds.
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There were 39 bids for the palette, which the artist used in June 1961.

Pastels, ceramics and silver plates were among the other items for sale.

Picasso, who died in France in 1973 aged 91, was one of the most influential artists of the twentieth century and was one of the founders of the Cubist movement.

IPL Auction 2020: Ambanis spend Rs 11.10 Cr, save Rs 1.95 Cr; Shahrukh, Juhi Fight For KKR
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The auctions for the thirteenth edition of the Indian Premier League (IPL) took place in Kolkata on Thursday. The event was attended by the owners and the coaches of the eight franchises and a whopping Rs 140.30 crore was spent. The thrilling auction saw intense bidding wars between the owners of the franchises as each one of them tried their best to clinch as many good players as possible. Here are the highlights of the auction.

The auctions for the thirteenth edition of the Indian Premier League (IPL) took place in Kolkata on Thursday. The event was attended by the owners and the coaches of the eight franchises and a whoppi..
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The richest and undoubtedly the most glamorous family of India, the Ambanis, own the defending champions and four-time winners Mumbai Indians. While the team is owned by business magnate Mukesh Ambani, the owner sheet contains the name of his wife Nita Ambani.

The Ambanis’ net worth is Rs 3,80,700 cr but they had the thinnest purse of Rs 13.05 cr. Seen at the auction was Nita Ambani and Mumbai Indians co-owner Akash Ambani. The family spent Rs 11.10 cr and ended up saving Rs 1.95 cr.

Nita Ambani kept it formal, wearing a black overcoat with blank pants, perfectly paired with a white shirt. Looking dapper in a blue coat, Akash Ambani paired the ensemble with a white shirt.

The Ambanis bought Chris Lynn (Rs 2 cr), Nathan Coulter-Nile (Rs 8 cr), Saurabh Tiwary (Rs 50 lakh), Mohsin Khan (Rs 20 lakh), Digvijay Deshmukh (Rs 20 lakh) and Balwant Rai Singh (Rs 20 lakh).

However, it was not all hunky-dory for MI. The Ambanis indulged in an intense bidding war with CSK over the Australian player Nathan Coulter-Nile. Eventually, the Ambanis emerged victorious and ended up taking the player home.

The richest and undoubtedly the most glamorous family of India, the Ambanis, own the defending champions and four-time winners Mumbai Indians. While the team is owned by business magnate Mukesh Amban..
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Kolkata Knight Riders is probably the most popular IPL team along with Chennai Super Kings and Mumbai Indians, thanks to the Bollywood stars who own the team. B-town megastar Shahrukh Khan owns KKR along with Jay Mehta, the husband of actress Juhi Chawla.

Both Shahrukh and Juhi were spotted at the auction in Kolkata. Kolkata Knight Riders had a purse of approximately Rs 35.65 cr. They spent Rs 27.15 cr and ended up saving Rs 8.50 cr. There was a bidding war between KKR and RCB for mystery spinner Varun Chakravarthy but KKR bagged the player for a massive price of Rs 4 cr.

While Juhi kept it simple with a white shirt and leggings, Shahrukh looked his sartorial best, rocking a black-coloured jacket.

KKR also clashed with the RCB over Rahul Tripathi but KKR managed to take the player home with Rs 60 lakh.

All in all, KRK bought 9 players, Eoin Morgan (Rs 5.25 cr), Pat Cummins (Rs 15.5 cr), Rahul Tripathi (Rs 60 lakh), Varun Chakaravarthy (Rs 4 cr), M Siddharth (Rs 20 lakh), Chris Green (Rs 20 lakh), Tom Banton (Rs 1 cr), Pravin Tambe (Rs 20 lakh), Nikhil Naik (Rs 20 lakh).

Kolkata Knight Riders is probably the most popular IPL team along with Chennai Super Kings and Mumbai Indians, thanks to the Bollywood stars who own the team. B-town megastar Shahrukh Khan owns KKR a..
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Delhi Capitals is jointly owned by GMR group of GM Rao and JSW Sports and they have a net worth of Rs 1,920 cr. The team went in with a budget of Rs 27.85 cr, spent Rs 18.85 cr and ended up saving Rs 9 cr.

Parth Jindal, the co-owner of Delhi Capitals, addressed a press conference just before the auction. Jindal was also seen interacting with Kings XI Punjab coach Anil Kumble as the two shared a light-hearted moment during the conference.

Delhi Capitals locked horns with KKR during the auction, over West Indian star Shimron Hetmyer. Rajasthan Royals also joined the race, but the battle was won by Delhi Capitals as they took the cricketer home for Rs 7.75 cr.

Delhi Capitals bought 11 players, Jason Roy (Rs 1.5 cr), Chris Woakes (Rs 1.5 cr), Alex Carey (Rs 2.4 cr), Shimron Hetmyer (Rs 7.75 cr), Mohit Sharma (Rs 50 lakh), Tushar Deshpande (Rs 20 lakh), Marcus Stoinis (Rs 4.8 cr), Lalit Yadav (Rs 20 lakh).

Delhi Capitals is jointly owned by GMR group of GM Rao and JSW Sports and they have a net worth of Rs 1,920 cr. The team went in with a budget of Rs 27.85 cr, spent Rs 18.85 cr and ended up saving Rs..
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Kings XI Punjab is another franchise that is backed by Bollywood biggies. KPH Dream Cricket Private Limited owns the team which also includes Preity Zinta, Ness Wadia, Mohit Burman and Karan Paul. They have a net worth of Rs 213 cr and in the auction they have the highest available purse Rs 42.70 cr.

While Zinta couldn’t be present at the auction, she tweeted several videos on her social media handles, sharing her excitement. Present at the auction in Kolkata was Chief Executive Officer of the team, Satish Menon.

KXIP spent Rs 26.20 cr and ended up saving a whopping Rs 16.50 cr. Kings XI Punjab bagged the following players - Glenn Maxwell (Rs 10.75 cr), Sheldon Cottrell (Rs 8.5 cr), Deepak Hooda (Rs 50 lakh), Ishan Porel (Rs 20 lakh), Ravi Bishnoi (Rs 2 cr), James Neesham (Rs 50 lakh), Chris Jordan (Rs 3 cr), Tajinder Dhillon (Rs 20 lakh) and Prabhsimran Singh (Rs 55 lakh).

Kings XI Punjab is another franchise that is backed by Bollywood biggies. KPH Dream Cricket Private Limited owns the team which also includes Preity Zinta, Ness Wadia, Mohit Burman and Karan Paul. Th..
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The three-time champions from Chennai is owned by India Cements Cricket Limited and guided by former BCCI chief and industrialist N Srinivasan. The company has a net worth of Rs 569 cr. But in the auction they go with a light purse of Rs 14.60 cr.

After losing out the Aussie champ Nathan Coulter-Nile to Mumbai Indians, CSK played its cards right. They locked horns with KXIP over bowler Piyush Chawla and ended up winning him for Rs 6.75 cr.

CSK spent Rs 14.45 cr and saved Rs 15 lakhs. They ended up buying the following players - Sam Curran (Rs 5.5 cr), Piyush Chawla (Rs 6.75 cr), Josh Hazlewood (Rs 2 cr), R Sai Kishore (Rs 20 lakh).

The three-time champions from Chennai is owned by India Cements Cricket Limited and guided by former BCCI chief and industrialist N Srinivasan. The company has a net worth of Rs 569 cr. But in the au..
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Rajasthan Royals is owned by Manoj Badale of Royal Multisport Ltd which has a net worth of Rs 1,138 cr. It was earlier owned by UK-based businessman Raj Kundra, husband of Bollywood actor Shilpa Shetty. They had Rs 28.90 cr available for auction.

Rajasthan Royals spent Rs 14.15 cr and saved a whopping Rs 10 cr. They ended up buying the following players - Robin Uthappa (Rs 3 cr), Jaydev Unadkat (Rs 3 cr), Yashasvi Jaiswal (Rs 2.4 cr), Anuj Rawat (Rs 80 lakh), Akash Singh (Rs 20 lakh), Kartik Tyagi (Rs 1.3 cr), David Miller (Rs 75 lakh), Oshane Thomas (Rs 50 lakh), Anirudha Joshi (Rs 20 lakh), Andrew Tye (Rs 1 cr), Tom Curran (Rs 1 cr)

Rajasthan Royals is owned by Manoj Badale of Royal Multisport Ltd which has a net worth of Rs 1,138 cr. It was earlier owned by UK-based businessman Raj Kundra, husband of Bollywood actor Shilpa Shet..
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