€166m for Picasso's former home

€166m for Picasso's former home

The last home of legendary 20th century artist Pablo Picasso, bought in 2008 by an unidentified Belgian art dealer for somewhere between €10 and €12 million, has been given a minimalistic makeover and is back on the market.

It is now asking a colossal US$220 million, approximately €166.45 million, through US estate agent Corcoran.

Even for avid collectors of this blue chip artist’s work, the price hike represents one serious increase in value in a five year period. The price includes a name change for the Provencal property. Known as Mas de Notre-Dame du Vie when Picasso was in residence it is now dubbed Domaine L’Antre du Minotaure, which loosely translates as the minotaur’s den, named after the Greek mythological creature the artist was so fond of. The three-storey stone-fronted house measures 800sq m (8,600sq ft), has 10 bedrooms and eight bathrooms and includes a guesthouse, two swimming pools, a tennis court and extensive gardens.

The most expensive work by Pablo Picasso, his Nude, Green Leaves and Bust painting was sold by Christies in 2010 for $106.5 million, approximately €79.57 million.

Source: The Irish Times

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