Picasso Portrait of Lover Boosts $240 Million Sotheby’s Auction

A Pablo Picasso painting of his lover Marie-Therese Walter is estimated to sell for as much as $56 million at an auction next month in London.

The artist’s canvas “Femme assise pres d’une fenetre,” showing a serene Marie-Therese seated in a black armchair, is among 61 works being offered by Sotheby’s in its Feb. 5 auction of Impressionist, modern and Surrealist art. The auction is valued at as much as 149 million pounds ($240 million).