Three pieces of jewelry designed by Pablo Picasso sold last week for a total of $386,250 — fetching more than six times their high estimate.
Part of Skinner Inc.’s Fine Jewelry sale that comprised more than 500 lots earning over $2.7 million, the one-of-a-kind pieces were akin to tiny sculptures made early in Picasso’s career in the 1950s, and given to Françoise Gilot (the mother of two of his children, Claude and Paloma Picasso). Gilot later passed down the pieces to Carole Mallory, the supermodel, actress, and author who was engaged to Claude in the 1960s. The jewelry had been in her possession ever since. (more…)