Will Pablo Picasso’s “Femme dans un fauteuil” sell for more than $20 million at Christie’s?

Resolution criteria

This is a market on the hammer price of Pablo Picasso’s “Femme dans un fauteuil” (Lot 32B), scheduled to go up for auction at Christie’s 20th Century Evening Sale, on May 13, 2021 (https://www.christies.com/lot/lot-pablo-picasso-1881-1973-femme-dans-un-fauteuil-6318443). This market will resolve to “Yes” if the hammer price at auction exceeds $20 million, and “No” otherwise. The market will resolve according to the final hammer price during the live auction at Christie’s (https://www.youtube.com/watch?v=3ClOsh4Ry34). (Note this is a market on the final hammer price at the live auction, which does not include buyer’s premium, fees, or taxes, and is not equivalent to “price realised” as listed on Christie’s website.) In the event of ambiguity in terms of the market outcome, this market will be resolved in good faith at the sole discretion of the Markets Integrity Committee (MIC).