In the Saleroom: Pablo Picasso's Femme au chapeau

<p>Pablo Picasso's late period <em><a href="http://christies.com/lotfinder/lot_details.aspx?intObjectID=5202920">Femme au chapeau</a></em> from 1971 which fetched $7,754,500. This iconic portrait was hand-selected by Picasso for inclusion in his second solo exhibition at the Palais des Papes in Avignon, France and had been a centerpiece in the private collection of the artist and Oscar-nominated film director Julian Schnabel since 1989.</p>