Is Life A Bowl of Cherries For The Picasso Market?

When it comes to art does a rising tide lift all boats? Since the record setting sale of Picasso's Nude, Green Leaves and Bust" for $106.5 million, the global art world seems to be gripped by Picasso fever. This means that smaller, less expensive Picassos are hitting the market. On June 12, Bloomington Auction House in Illinois is auctioning off "Still life with Bowl of Cherries," a small, unframed painting signed "Picasso." The simple still life oil on board measures about 9 inches by 11¾ inches and carries a big estimate of $400,000 to $1 million.The listing on Live Auctioneers says the painting has never been offered before for public sale.