Pablo Picasso painting estimated to fetch $120m goes on display in London

Pablo Picasso’s 1932 masterpiece is on display at Sotheby’s in London (Aaron Chown/PA)

Pablo Picasso’s 1932 masterpiece Femme A La Montre is set to go on display at Sotheby’s in London and is estimated to fetch in excess of $120m (€114m) at auction.

The work was owned by art patron and collector Emily Fisher Landau and it depicts Picasso’s “golden muse” Marie-Therese Walter, a woman who formed the subject of many of Picasso’s portraits and who was known to have had an affair with the painter.