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MGM Resorts Is Auctioning 11 Picassos Worth as Much as $104 Million

The paintings, works on paper, and ceramics all hung in the Bellagio.

The Picasso restaurant in the Bellagio, where Picasso’s Homme et Enfant is on view.

The Picasso restaurant in the Bellagio, where Picasso’s Homme et Enfant is on view.

Courtesy Sotheby’s & MGM Resorts. © 2021 Estate of Pablo Picasso / Artists Rights Society (ARS), New York

On Oct. 23, MGM Resorts will sell 11 Picassos that could bring in as much as $104 million. The sale, which will take place live at the Bellagio and be conducted by Sotheby’s, will include paintings, works on paper, and ceramics.

“Our collection has evolved over time,” says Ari Kastrati, MGM Resorts’ chief hospitality officer. “Our goal with our collection has always been to evolve it further, and focus on diversity, and give voice to underrepresented artists. We’ve done a great job with that over the years, and we believe now is a time to double down on it.”