05/02/2013 16:45 GMT | Updated 06/02/2013 03:10 GMT

Picasso Painting Of His 'Golden Muse' Marie-Therese Walter Sells For More Than £28.5m

A Picasso painting has fetched more than £28.5 million at auction.

The impressionist's 1932 piece, Femme Assise Pres d'une Fenetre (Woman Sitting Near a Window), is a portrait of his "golden muse" Marie-Therese Walter.

picasso auction

Sotheby's described the Picasso painting as 'striking'

Helena Newman, from Sotheby's, said: "We are delighted that this stunning and monumental portrait, which is part of the defining series that introduced his 'golden muse' to the public eye, fetched such a strong price.

"In recent years in particular we have witnessed the remarkable allure of Picasso's portraits of Marie-Therese to collectors, with La Lecture selling for £25 million - double its pre-sale estimate - in Sotheby's February 2011 sale, and Nature Morte aux Tulipes selling in Sotheby's November 2012 sale for $41.5m (£26.5m).

"This particular portrait is a striking and notably modern-looking work from one of the artist's most celebrated periods."

The painting sold for £28,601,250.