
Image: Wikimedia Commons / Public Domain
View source →Pablo Picasso, 1937
Medium
Oil on canvas
Dimensions
61 × 50 cm (24 × 19.7 in)
Style
Expressionism
Decade
1930s
Made in the same year in which Picasso created his famed Guernica and The Weeping Woman amid the tumultuous years of the Spanish civil war, this work depicts a more joyous image of his muse Marie-Therese Walter in a blue outfit set against a bright red background. The painting captures the duality of Picasso's emotional life during this period.
The painting made its auction debut during a Sotheby's Impressionist and modern art sale in London in February 2018, where the work went for £49.8 million ($68.7 million). It had changed hands only once before: after Picasso's death in 1973, his estate sold it to an unknown private collector.
Private Collection
Private Collection — Not publicly accessible
2026 Estimated Value
$120–180 million (est.)
* Estimates are based on comparable auction results and market analysis. Not a formal appraisal.
Last Known Sale
$68.7 million
2018
Sotheby's London
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If you love this wartime period masterpiece, explore these curated books and resources on Amazon.
Picasso's War: The Destruction of Guernica and the Masterpiece That Changed the World
The story behind one of Picasso's most iconic and political works
Guernica Print Poster
Museum-quality reproduction of Picasso's most famous anti-war painting
Picasso: The Man Who Changed Art
Documentary examining Picasso's revolutionary impact on modern art
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