Art Market Explainers
La Peau de l'Ours: The 1904 Collectors' Club That Bought Picasso
In 1904 thirteen Parisians pooled 250 francs a share a year, bought Picasso and Matisse, and sold it all at Drouot in 1914 for about four times their money.
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In 1904 thirteen Parisians pooled 250 francs a share a year, bought Picasso and Matisse, and sold it all at Drouot in 1914 for about four times their money.