A RARE Picasso masterpiece from his prized Blue Period is to go up for auction.

Sotheby’s New York believes there will be strong interest when the La Gommeuse oil-on-canvas goes up for sale on November 5 with an estimated £39 million price tag. It includes a recently revealed portrait, also finished in oil-on-canvas, on the back.

Works from Picasso’s 1901-1904 Blue Period – which is “prized as his breakthrough” era – rarely come up for sale, Simon Shaw of Sotheby’s said.
Many of Picasso’s works from this period are held in major collections at venues including the Metropolitan Museum of Art and the Guggenheim Museum, both in New York, and the Musee Picasso in Paris.

La Gommeuse is 32 inches by 21 inches in size and dates from 1901. 
It has a naked woman on the front and a previously-unseen portrait of Picasso’s friend and art dealer Pere Manach on the back. Manach is painted wearing an exotic headdress and with his head on a female body in a dancer’s leap.
This image had remained hidden under lining for a century until it was revealed by conservation work on the painting in 2000.

Picasso painted La Gommeuse after his friend Carlos Casagemas’s suicide in 1901, and as he and Manach threw themselves into the debauchery of Paris life.

This painting is set to be the highlight of the Sotheby’s Impressionist and Modern Art sale – which is also to feature Nympheas by Monet which has an estimate of £19-33m. 

It is part of Monet’s memorable images of his lily pond at Giverny and was painted in 1908.

Sotheby’s New York sold another painting from the Nympheas series in May this year for £35m.

 The La Gommeuse and Nympheas, which are now up for sale, were part of the collection of US entrepreneur, America’s Cup winner and art collector Bill Koch.
Mr Shaw said described it as “two icons of art history from one of the greatest American collections ever assembled”.

The paintings will be on public view in Sotheby’s London galleries from October 10-15 before returning to New York for an exhibition beginning October 30 and the sale on November 5.