Pablo Picasso’s masterpiece finds space in Lodha family’s upscale Mumbai home

September 21, 2017 By Lodha Web

Pablo Picasso’s masterpiece finds space in Lodha family’s upscale Mumbai home

The Lodhas have purchased a Pablo Picasso painting, which will be loaned for display at their new luxury building

A new celebrity is taking up residence at Altamount Road in Mumbai – Pablo Picasso.

The Lodha family’s new luxury building will be home to a Pablo Picasso painting – ‘La Plage, Juan-les-Pins’.

The painting, which was earlier with a gallery in Paris, was purchased in a private sale from Christie’s earlier this year for a confidential amount, and the entire process took over 18 months.

Abhishek Lodha, MD, Lodha Group, told ETPanache, “We decided on a Picasso because he is one of the world’s most renowned artists. He has had a profound impact on art and culture in the 20th century.”

Lodha said they had looked at different artworks, a step towards starting their luxury art collection, before finalising on ‘La Plage, Juan-les-Pins’. The aim was to “bring together the very best of art and sculpture from across the globe.”

“We were keen to have masterpiece. We spent a lot of time seeking advice from art aficionados, attended auctions and held discussions with private galleries for this rare acquisition,” he says. “I am thankful to all those who helped us in acquiring this masterpiece, especially Amin Jaffer [formerly with Christie’s].”

A spokesperson from the group said the painting is owned by the Lodha family and will be given to the Altamount high-rise on a nine-year lease.