Sotheby’s expects Femme nue couchée, which depicts Marie-Thérèse Walter as a sea-creature, to fetch over $60m next month

A sensuous depiction of Pablo Picasso’s muse and lover as a multi-limbed sea creature, completed during the most prolific year of the artist’s life, is to appear at auction for the first time.

Femme nue couchée (Naked woman reclining) is expected to sell for more than $60m next month, a reflection of the desirability among collectors of Picasso’s images of Marie-Thérèse Walter.

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