Madrid: A palatial beachfront villa with a Picasso in the swimming pool is to be auctioned off without a reserve price, reports said on Saturday.
El Martinete, near Marbella, Spain, was previously owned by Antonio el Bailarín, a Spanish flamenco dancer, who was a close friend of the famous artist.
Pablo Picasso would regularly visit the nine-bedroom home and during one stay in 1961, he signed the bottom of the outdoor pool as a birthday gift for Bailarín, giving the El Martinete home a unique piece of artistic heritage, reports showed.
The home, in Puerto Banus, has previously been on the market for $17.3 million but it will now be sold by Concierge Auctions without a reserve. Bidding on El Martinete will open on May 29 and will go to the highest bidder on May 31. -Agencies
- Inspired by Renaissance architecture, the home has a grand foyer, leading to a modern kitchen and reception rooms including a dining room with seating space for 20 people.
- An indoor pool with sauna, a bar, home office and six luxurious bedroom suites in the main house.
- Two guest houses offer three bedrooms and three bathrooms for staff accommodation.
- From the grounds of the lavish property, there is direct, private access to the beach.
‘A one-of-a-kind piece of art’
Charlie Smith, European advisor for Concierge Auctions, said, ‘Beachfront properties are rare in this sought-after area and beachfront villas offering this level of luxury living even more so. The buyer of the villa will not just be purchasing a prestigious property but also a one-of-a-kind piece of art.’