Pablo Picasso's 1932 masterpiece Femme A La Montre is set to go on display at Sotheby's in London and is estimated to fetch more than 120 million US dollars (?98 million) at auction. 

The work was owned by art patron and collector Emily Fisher Landau and it depicts Picasso's 'golden muse' Marie-Therese Walter, a woman who formed the subject of many of Picasso's portraits and who was known to have had an affair with the painter. 

The oil on canvas painting forms part of the The Emily Fisher Landau Collection: An Era Defined exhibition, which will take place at Sotheby's from Saturday October 7 to Wednesday October 11. 

Ms Fisher Landau bought the Picasso painting when she started collecting in 1968.


The travelling exhibition will also open in Paris, Taipei and Los Angeles and has already been to Dubai and Hong Kong. 




Pablo Picasso's Femme A La Montre, depicts the Spanish artist's 'golden muse' Marie-Therese Walter, with whom he had an affair, an is estimated to fetch over ?98 million





The exhibition, the collection of Emily Fisher Landau, also contains Andy Warhol's acrylic and silkscreen ink 'Self-Portrait'





Mark Tansey's oil painting 'Triumph Over Mastery II' is also part of Ms Fisher Landau's collection





Ed Ruscha's glass-framed oil painting entitled 'Boss'





Paintings by John Jasper on display during a preview of the exhibition. Both are expected to fetch over $30 million

Ms Fisher Landau's collection includes works by American painter and sculptor Jasper Johns, Dutch-American artist Willem de Kooning, American painter and printmaker Robert Rauschenberg.

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