Also offered in the auction , called the `` Impressionist and Modern Art Evening Sale , '' is `` Homme Assis sur une Chaise , '' a Picasso portrait painted in 1956 , soon after he had moved from Paris , France , to La Californie , a villa overlooking Cannes in the south of France . NEW : ` ` Picasso '' is a portrait of Jacqueline 's second wife ; sold for 76.8 million pounds . The `` Impressionist and Modern Art Evening Sale '' was in London , England , the last 18 months . Picasso 's portrait of his second wife , Jacqueline , had never been offered at auction . The sale of modern and impressionist art also includes works by Pierre-Auguste Renoir .
NEW : `` Picasso '' is a portrait of Jacqueline 's second wife ; sold for 76.8 million pounds . The `` Impressionist and Modern Art Evening Sale '' was in London , England , the last 18 months . Picasso 's portrait of his second wife , Jacqueline , had never been offered at auction . The sale of modern and impressionist art also includes works by Pierre-Auguste Renoir .