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Qatari Royal Family Settles Picasso ‘Bust of a Woman’ Suit

  • NYC gallery claimed Leon Black was lined up to buy sculpture
  • Details of accord over ownership not disclosed in court filing
Picasso’s Bust of a Woman.

Picasso’s Bust of a Woman.

Photographer: Katya Kazakina/Bloomberg
Updated on

A settlement was reached in an international legal drama over Picasso’s plaster “Bust of a Woman” pitting two of the world’s biggest art buyers against each other, New York billionaire Leon Black versus a member of Qatar’s royal family.

But who now owns the 1931 sculpture, depicting the artist’s then-mistress and muse, Marie-Therese Walter, remains a secret because details of the accord weren’t disclosed in a filing Monday in New York federal court, and neither side is talking.