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A Picasso up for auction has dizzying value

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Christie's new valuation of about US$140m on this opulent Picasso ranks as one of the highest estimates ever put on an artwork at auction.

New York

A PICASSO painting valued at about US$140 million is the centrepiece of a new type of auction at Christie's, combining modern and contemporary artworks spanning 100 years, that will kick-start its postwar and contemporary sales in New York in May.

Scheduled for May 11,

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