Sold For $3,086
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ALS in French, signed “Picasso,” one page, 8.25 x 10.5, May 2, 1950. Addressed from Vallauris, a handwritten letter to his friend and financial advisor Max Pellequer (translated): “I asked Marcel [likely Picasso's chauffeur, Marcel Boudin] – he doesn't have the number you asked for at the bank – he told me that you retained the papers…A thousand thanks and apologies for the disturbances I cause with every single one of my letters. Thank you again and best wishes to you.” Picasso adds a postscript below: “The weather is magnificent” and to the left, “Marcel earns 20,000 from me per month.” In fine condition.
Banker and collector Max Pellequer was introduced to Picasso in 1914 by his uncle by marriage André Level. He quickly became one of Picasso's most important collectors and his financial advisor for over 30 years. Pellequer's interest in his art began as early as the 1910s when he purchased a Picasso bronze from the art dealer Ambroise Vollard. During the 1930s and 1940s, as Picasso's personal banker, he secured and enhanced the painter's wealth, allowing him to settle comfortably in the South of France. Picasso created a superb ex-libris on copper for him, bought him paintings including La Mer a L'Estaque by Cézanne (now in the Picasso museum), and offered him a few other works. Pellequer assembled a vast collection of paintings by the great masters of modern art: Degas, Raoul Dufy, Paul Gauguin, Fernand Leger, Henri Matisse, Joan Miro, Modigliani, and Maurice Utrillo, which are today preserved in the most important international museums.
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