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In 1940, during the German occupation of France, the Nazis confiscated “Femme Assise, Robe Bleu” from Jewish art dealer Paul Rosenberg. According to Christie’s, it was transferred to the German embassy in Paris, then a store house for plundered art, before it was packed up to be transferred to Germany, via Nikolsburg, Moravia (part of the modern Czech Republic) in 1944. However, French resistance soldiers intercepted the painting — along with 63 other Picasso artworks — on a train to Moravia.
A number of Picasso’s works have sold for substantially more. In 2015, his “Les femmes d’Alger (Version ‘O’)” sold for $179 million, setting a new record for an artwork sold at auction, and in 2004, “Garçon à la pipe” (1905) sold for $104 million.
“Femme assise, robe bleu” was last for sale in 2011, when it sold for $26 million, so that’s a $19 million profit.
The PTA meeting will be held on Thursday, May 18 in Room H-2 at 6:00 p.m. Thank you for your being a part of this meeting. Remember, the school year is almost done.