A previously unknown portrait by Pablo Picasso has set a new auction record in France, selling for 32 million euros ($35 million) including fees at the prestigious Hôtel Drouot auction house in Paris on Friday. The painting, titled "Buste de femme au chapeau à fleurs" (Bust of a Woman with Floral Hat), represents the highest price achieved for any artwork sold at auction in France this year.

The portrait depicts Dora Maar, the renowned photographer who served as both muse and lover to the Spanish master during the 1940s. Painted on July 11, 1943, during the German occupation of France in World War II, the 80x60 cm canvas combines elements of naturalism and cubism, showcasing a woman of melancholic beauty wearing a vibrantly colored floral hat.

"We beat Christie's record for a Picasso painting this year in Hong Kong. This is the highest auction price in France across all auction houses," declared Christophe Lucien, the auctioneer who conducted this exceptional sale. The previous record for a Picasso work was set in late September in Hong Kong, where "Buste de femme" (1944) sold for 23.6 million euros, making this Paris sale a significant milestone in the art market.

The painting holds particular emotional significance as it was created during a transitional period in Picasso's personal life. At the time of its creation, the artist was already distancing himself from Dora Maar and beginning his relationship with Françoise Gilot. This emotional context adds depth to the portrait's melancholic mood and artistic expression.

Originally estimated at eight million euros, the artwork generated intense bidding competition that was broadcast live to audiences worldwide. The fierce auction battle ultimately resulted in the painting being acquired by an international buyer whose nationality was not disclosed by the auction house.

"Picasso and Dora Maar are two undeniable stars of the auction world. The entire world was present, creating an electric atmosphere," shared Christophe Lucien, who remained visibly moved by the historic sale. The global interest in the piece demonstrated the enduring appeal of both Picasso's work and the fascinating relationship between the artist and his subjects.

This sale reinforces France's position in the international art market and highlights the continued strong demand for works by major 20th-century masters. The record-breaking price also reflects the rarity of previously unknown works by Picasso coming to market, making such discoveries extremely valuable to collectors and institutions worldwide.