Picasso, Giacometti poised to set records at NYC auctions

This undated photo provided by Christie's, courtesy of the Estate of Pablo Picasso/Artists Rights Society (ARS), New York, shows Pablo Picasso's "Women of Algiers (Version O)," which is being offered for sale at Christie's in New York on May 11, 2015, as part of New York City's spring art auctions. The 1955 masterpiece, estimated to bring more than $140 million, is poised to become the most expensive artwork sold at auction. (2015 Estate of Pablo Picasso/Artists Rights Society (ARS), New York/Christie's via AP) This undated photo provided by Christie's, courtesy of the Estate of Pablo Picasso/Artists Rights Society (ARS), New York, shows Pablo Picasso's "Women of Algiers (Version O)," which is being offered for sale at Christie's in New York on May 11, 2015, as part of New York City's spring art auctions. The 1955 masterpiece, estimated to bring more than $140 million, is poised to become the most expensive artwork sold at auction. (2015 Estate of Pablo Picasso/Artists Rights Society (ARS), New York/Christie's via AP)

By Associated Press May 1, 2015 1 min read

NEW YORK (AP) – New York City’s spring art auctions get underway Tuesday with works by Pablo Picasso, Alberto Giacometti, Vincent Van Gogh and other impressionist, modern and contemporary artists.

Picasso’s “Women of Algiers (Version O)” is estimated to bring over $140 million. It’s poised to become the most expensive artwork sold at auction.

Giacometti’s “Pointing Man,” meanwhile, could set an auction record for a sculpture if bidding soars to an expected $130 million.

Both are being offered at Christie’s on May 11.

The spring auctions begin Tuesday at Sotheby’s. It’s offering van Gogh’s “The Allee of Alyscamps.” The autumnal scene was created in 1888 when van Gogh briefly worked alongside his friend Paul Gauguin in Arles, in the south of France. It’s expected to sell for over $40 million.