Picasso jewelry a hit at Skinner auction

As expected, three pieces of jewelry made by Pablo Picasso had buyers buzzing at the Skinnner fine jewelry auction last week. Initially gifts to Francoise Gilot, mother of Paloma and Claude Picasso, the pieces were later passed on to model, actress, and author Carole Mallory, who was Claude’s fiancee for several years. The two pendants and a brooch were estimated to sell for $15,000 to $20,000 each. But fevered competition from bidders at Skinner’s Park Plaza auction house drove prices far higher. A silver “Satyr” pendant sold for $153,000, while a sun pendant went for $141,000. The brooch, which featured a profile of Claude Picasso as a child, sold for more than $92,000. We hear one lucky buyer took home all three.

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