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Picasso’s Sleeping Mistress May Fetch $28.6 Million at Auction

A Pablo Picasso painting of his mistress may sell for as much as 18 million pounds ($28.6 million) at Sotheby’s in London next month as auction houses feed collectors’ hunger for trophy works of 20th-century art.

“La Lecture,” showing Picasso’s blonde muse Marie-Therese Walter asleep in a chair with a book on her lap, will be offered in Sotheby’s Feb. 8 sale of Impressionist and modern art, the New York-based company said in an e-mailed statement.