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AK Files: Billionaire Koch Consigns Picasso

NEW YORK CITY -- Billionaire energy businessman William Koch, whose older brothers finance an array of conservative political causes, might get as much as $110 million for his bosomy nude by Pablo Picasso and Claude Monet’s water lilies, about 11 times what he paid for the two works.

The paintings will be offered during Sotheby’s Impressionist and modern art evening sale on Nov. 5 in New York.

Art collectors of ArtKabinett social media network anticipate a blue-chip auction season this autumn.

The paintings are the latest trophy consignments for next month’s semi-annual, bellwether sales of Impressionist, modern, postwar and contemporary art in New York. These sales will test the art market’s resilience amid concern of global economic turmoil.

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