Billionaire art collector David Nahmad can't fully recall why he bought “Nature Morte,” a charmingly simple oil on canvas that Pablo Picasso painted in 1921.
Given that Nahmad owns about 300 of the Spanish genius' works, his forgetfulness is perhaps understandable. With such a princely trove — Nahmad says his Picasso collection is the world's largest in private hands — details sometimes get lost.
“We bought so many Picassos now, I don’t remember the specific reason," Nahmad said in an exclusive and rare interview with The Associated Press in his luxury home in Monaco.
“It’s the smallest painting that I have."
Not for much longer.
A very lucky someone, somewhere, will soon be joining Nahmad in the privileged club of Picasso owners, when “Nature Morte” is raffled off for charity this month.
Nahmad, one of the art world's most influential dealers, will receive 1 million euros ($1.1 million) for “Nature Morte" but says it is worth “at least two, three times” that.