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PICASSO : NARCISSICISM, SELFISHNESS AND VAMPIRISM

Cet article se compose de 11 pages.
1 2 3 4 5 6 7 8 9 10 11
THE INHERITAGE OF A MISER

Picasso was rich but apart treating sometime his close friends in a lavish way he rather remained a miser throughout his life taking the habit of being invited by his dealers or wealthy patrons. When he started to earn money he used to stack banknotes in his wallet which he would take with him wherever he went.
He however always was sad to part with his works as if he was giving away something of himself. When he became rich it was also not uncommon for him to buy back some of his early works.

His heirs spent months sifting through the huge amount of works he had left them choosing what would go to the State or to themselves and drawing lots to avoid disputes.

Paloma and Jacqueline were at odds several times during the sharing out. A few years later, Picasso's daughter married Rafael Lopez, an Argentine businessman, and started to work for Tiffany's in New York. She then became quite successful and remained closely attached to Claude, her brother.

The negotiations over the Picasso succession lasted many years. Out of the 400 works of his collection, 39 paintings and 14 drawings were donated to the Louvre Museum, including two works by the Le Nain brothers, one by Chardin, two by Braque, seven by Matisse, four by Corot and four others by the Douanier Rousseau but the heirs challenged the value (US $ 6,5 million) set by the museum.

The big issue however concerned the donation to the State which made Paris lawyer Roland Dumas, who later became foreign minister under the presidency of François Mitterrand, a rich man.

AN INCREDIBLE FORTUNE

Meanwhile, Claude and Paloma were recognized as Picasso's natural children following a court decision in 1974. Then came Maya's turn while Paris auctioneer Maurice Rheims was endowed with the mission of making an inventory of the works the great master had left after his death. In 1977, these paintings, drawings, sculptures, and ceramics were estimated at over $ 2,09 billion.

Claude, Paloma and Maya each received over $ 16 million, Marina and Bernard were allowed $ 50 million each and Jacqueline $ 80 million. The heirs then started to share these works between themselves and once again drew lots.

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