Chapter 5: A Survey
of Picasso’s Prints:
1904-1931, Saltimbanque through Ovid's Metamorphoses
Picasso’s first print was a masterpiece, provided that one doesn’t
split hair about which print in fact came first. Apart from one inconsequential,
rare, and unpublished etching of 1899, Picasso began printmaking in earnest
in 1904 with a series of fifteen etchings known as The Saltimbanque
Suite. The first of these was Le Repas Frugal (Fig. 1, Georges Bloch
Catalogue, number 1), widely considered one of his very best prints,
a testament to a genius who could master a new medium so readily and
so completely as to emerge at its pinnacle by the time he had completed
a single work. The art dealer Ambroise Vollard published it along with
the fourteen smaller prints in an unsigned edition of 250 plus an edition
of 50 on Japan paper. These are all the prints which correspond to his
Blue and Rose Periods, both temporally and stylistically, if not in coloration
(they are all printed in black) and are therefore among the only Picasso
prints that would strike the fancy of the typical Picasso hater, who
only likes the Blue Period.

Figure 1. Le Repas Frugal (Bloch 1) Figure
2. Tete de Femme au Profil (Bloch 6)
“
Saltimbanque” means acrobat in French, but the best prints in
the series are portraits having nothing to do with the circus. In addition
to Le Repas Frugal, the two next most sought-after are
busts of Madeleine, one of Picasso’s consorts at the time (Bloch 2 and 6—her
profile in Bloch 6, Fig. 2, is more desirable than the frontal view
of Bloch 2). In general, the etchings that comprise the Suite are charming
in that classically Blue and Rose Period sort of way: not necessarily with its
famously elongated line (a number of the figures are frankly rather
squat), but with that certain nobility amid poverty and sadness that
we’ve seen in the paintings of this period (Figs. 3-5: Bloch
4, 5, and 10).

Figure 3. Buste d'Homme (Bloch 4) Figure
4. Les Deux Saltimbanques (Bloch 5)
Figure 6. Le Saltimbanque au Repos (Bloch 10)
Much has been written about the importance of the circus in Picasso’s
youth. The circus and the bullfight were the two salient
cultural elements of his background. Well beyond mere pastimes,
both assumed
great symbolic
significance in his life. The demi-monde of the circus, with
its inherent earthiness and physicality, represented an utter abandonment
of the
bourgeois career path, never a realistic option for Picasso.
To
some extent, inspired perhaps equally by acrobat and matador,
Picasso saw
himself not only as an explorer but also as an entertainer.
Always the ringleader, he was also the clown of his coterie of friends.
We also know that he delighted in impressing his friends
artistically
from an early age with his uncanny party trick of drawing
a portrait upside-down while sitting opposite its subject so that,
as the
drawing
unfolded, it would appear right-side-up to his inevitably
amused subject.
Table Legend:
Rarity: * = 200-300, ** = 110-199, *** = 50-109, **** = 25-49, ***** < 25.
Size (in cm): * < 21, ** = 21-34, *** = 35-40, **** = 41-60, ***** > 60.
Cost: You may be interested in the absolute values, and not just the relative
values, of the cost of the prints. Clearly the absolute costs vary in time much
more than their relative costs, but it may be somewhat useful for you to know
how I approached the relative valuations. The relative costs are based on auction
prices as recent as 2004, and generally focused on those prints which were in
reportedly very nice condition. Though many 2005 prices were available at the
time of this writing, I did not incorporate them in order to provide an accurate
snapshot at a point in time. A small amount of newer data would have skewed the
scale of all the rest of the data points. For source data, the auction record
was much more useful than the record of art dealers’ sales, as I’ve
described elsewhere, for two reasons. The auction record is more complete and
more accurate, and prices realized at auction vary much less than those charged
by gallerists and private dealers. To predict a dealer’s prices from these
data is difficult, since dealers mark-ups seem to range from less than 10% to
more than a 1000%. But you can use the data to give you a relative idea of the
prices that Picasso’s prints fetch at whatever venue. In any event, here’s
the legend: * < $10,000 (often much less than $10,000), ** = $10,000 to 20,000,
*** = $20,000 to 50,000, **** = $50,000 to 100,000, and ***** > $100,000 (usually
not much more than$100,000, though the rarely auction prices have already fetched
over a million dollars).
Signature: Y(yes, signifying that most of the impressions were signed, and that
the signatures were by Picasso’s own hand), ES (Estate Stamped, with a
stamp reproducing one of Picasso’s signatures), Y/N (maybe, meaning a fair
proportion were signed), P (signed in the plate or on the stone), and N (no,
signifying that most of the impressions were not signed).
Table 1. Les Saltimbanques Suite
|
Bloch # |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
|
Beauty |
***** |
**** |
** |
*** |
*** |
***** |
* |
|
*** |
*** |
|
Significance |
***** |
*** |
** |
*** |
*** |
***** |
* |
* |
** |
** |
|
Rarity |
* |
* |
* |
* |
* |
* |
* |
* |
* |
* |
|
Size |
**** |
* |
** |
* |
* |
** |
** |
* |
** |
* |
|
Visibility at a distance |
*** |
*** |
** |
*** |
** |
*** |
* |
* |
* |
* |
|
Color |
|
|
|
|
|
|
|
|
|
|
|
Fading |
|
|
|
|
|
|
|
|
|
|
|
Cost |
***** |
** |
** |
* |
* |
** |
* |
* |
* |
* |
|
Desirability to cost ratio |
|
** |
|
*** |
** |
*** |
|
|
|
|
|
Signature |
N |
N |
N |
N |
N |
N |
N |
N |
N |
N |
Table 1. Les Saltimbanques Suite,
Continued
|
Bloch # |
12 |
13 |
14 |
15 |
|
Beauty |
*** |
* |
** |
|
|
Significance |
** |
* |
** |
* |
|
Rarity |
* |
* |
* |
* |
|
Size |
** |
** |
*** |
** |
|
Visibility at a distance |
* |
* |
* |
* |
|
Color |
|
|
|
|
|
Fading |
|
|
|
|
|
Cost |
** |
** |
** |
* |
|
Desirability to cost ratio |
|
|
|
|
|
Signature |
N |
N |
N |
N |
Those of you who crave Cubism have a few
lovely, mostly small prints to choose between (Table 2). The masterpiece
print of his Cubist period
is considered to be the Still Life with Bottle of Marc (500
x 305 mm.; 19.7 x 12 in.) of July, 1911 (Bloch 24). I think it’s
not his masterpiece at all, in any sense other than mere size. For beauty
and style, I prefer
a number of others, particularly Bloch numbers 19, 28 (Figures 6 and
7), and 30. The first of these is notable for its light, sprightly, flowing, charming, dancing, recognizable, movement and form and its wonderful and hilarious geometric component parts. The other two are remarkable for their complexity and B30 in particular for its atmospheric subtlety. (Note: you may need a larger photo than Bloch affords to even begin to appreciate Bloch 30.)

Figure 7. Mademoiselle Léonie (Bloch 19) Figure
8. L'Homme au Chien (Bloch 28)
Table 2. Cubism (1909-1917)
|
Bloch # |
17 |
18 |
19 |
20 |
21 |
22 |
23 |
24 |
25 |
26 |
|
Beauty |
* |
* |
**** |
* |
** |
** |
* |
* |
** |
** |
|
Significance |
*** |
*** |
**** |
** |
** |
** |
** |
*** |
*** |
*** |
|
Rarity |
** |
** |
** |
** |
** |
** |
** |
** |
** |
** |
|
Size |
* |
* |
* |
* |
* |
* |
* |
**** |
* |
* |
|
Visibility at a distance |
* |
* |
* |
* |
* |
* |
* |
** |
* |
* |
|
Color |
|
|
|
|
|
|
|
|
|
|
|
Fading |
|
|
|
|
|
|
|
|
|
|
|
Cost |
*** |
** |
*** |
*** |
** |
** |
*** |
**** |
** |
** |
|
Desirability to cost ratio |
|
|
|
|
|
|
|
|
|
|
|
Signature |
Y |
Y |
N |
N |
N |
N |
Y |
Y |
N |
N |
Table 2. Cubism (1909-1917), cont.
|
Bloch # |
27 |
28 |
29 |
30 |
31 |
32 |
|
Beauty |
** |
*** |
* |
**** |
** |
** |
|
Significance |
*** |
**** |
*** |
**** |
**** |
**** |
|
Rarity |
** |
*** |
|
** |
**** |
**** |
|
Size |
* |
** |
* |
* |
* |
* |
|
Visibility at a distance |
* |
** |
* |
* |
* |
|
|
Color |
|
|
|
|
|
|
|
Fading |
|
|
|
|
|
|
|
Cost |
** |
*** |
* |
*** |
** |
? |
|
Desirability to cost ratio |
|
|
* |
|
|
|
|
Signature |
N |
Y |
N |
Y |
Y |
|
Picasso made precious few prints during his first four decades. He slowly
increased his output in the 1920’s, when turning to his neoclassical
style. Sadly, a number of the wonderful styles he created in the ‘twenties
in his drawings and paintings, such as his sculptural paintings, are
hardly represented in his prints.
Table 3A. 1918-1923: mostly naturalism and neo-classicist styles
|
Bloch # |
33 |
34 |
37 |
44 |
45 |
46 |
47 |
49 |
51 |
|
Beauty |
*** |
*** |
**** |
* |
** |
|
* |
* |
*** |
|
Significance |
** |
** |
*** |
* |
** |
|
** |
* |
** |
|
Rarity |
***** |
*** |
*** |
*** |
** |
** |
**** |
*** |
** |
|
Size |
* |
* |
* |
* |
** |
* |
* |
* |
* |
|
Visibility at a distance |
* |
* |
** |
* |
* |
|
|
|
* |
|
Color |
|
|
|
|
|
|
|
|
|
|
Fading |
|
|
|
|
|
|
|
|
|
|
Cost |
*** |
* |
* |
* |
** |
* |
* |
* |
** |
|
Desirability to cost ratio |
|
|
** |
|
|
|
|
|
|
|
Signature |
Y |
Y |
ES |
Y |
Y |
N |
N |
ES |
Y |
Table 3B. 1918-1923: mostly naturalism and
neo-classicist styles, cont.
|
Bloch # |
52 |
55 |
56 |
57 |
58 |
59 |
60 |
61 |
62 |
63 |
|
Beauty |
* |
* |
** |
*** |
* |
*** |
** |
* |
** |
** |
|
Significance |
|
* |
** |
** |
* |
** |
** |
* |
* |
* |
|
Rarity |
**** |
*** |
*** |
** |
*** |
** |
*** |
*** |
** |
**** |
|
Size |
* |
* |
* |
* |
* |
** |
* |
* |
* |
* |
|
Visibility at a distance |
* |
|
* |
* |
* |
|
|
|
|
* |
|
Color |
|
|
|
|
|
|
|
|
|
|
|
Fading |
|
|
|
|
|
|
|
|
|
|
|
Cost |
* |
* |
** |
*** |
* |
** |
** |
* |
** |
** |
|
Desirability to cost ratio |
|
|
|
|
|
|
|
|
|
|
|
Signature |
ES |
ES |
Y |
Y |
ES |
Y |
Y |
ES |
Y |
N |
Table 4A. 1923-1927: mostly naturalism and neo-classicist styles
|
Bloch # |
64 |
65 |
66 |
67 |
68 |
69 |
70 |
72 |
73 |
74 |
|
Beauty |
** |
* |
** |
* |
* |
* |
|
* |
*** |
* |
|
Significance |
* |
* |
* |
* |
* |
* |
* |
|
*** |
** |
|
Rarity |
*** |
*** |
*** |
*** |
*** |
*** |
*** |
*** |
** |
*** |
|
Size |
** |
** |
** |
** |
** |
|
**** |
* |
* |
** |
|
Visibility at a distance |
|
|
|
|
|
* |
|
* |
* |
* |
|
Color |
|
|
|
|
|
|
|
|
|
|
|
Fading |
|
|
|
|
|
|
|
|
|
|
|
Cost |
* |
* |
* |
* |
* |
* |
** |
* |
** |
* |
|
Desirability to cost ratio |
|
|
|
|
|
|
|
|
|
|
|
Signature |
Y |
Y |
Y |
Y |
Y |
Y |
Y |
ES |
Y |
Y |

Figure 9. Le Modèle Habillé (Bloch 79)
Among the earliest expressions in Picasso’s
printmaking of his neoclassical style is the beautiful etching, Le Modèle Habillé,
The Clothed Model (Fig 9, Bloch 79). The painter and the model in this
studio scene have an equal measure of poise and presence. What’s
amusing about this rather rare piece is its title. By indicating that
the model is clothed, the title serves as an unnecessary reminder that
the default state of the model in Picasso’s oeuvre is, of course,
in the nude! Unless specifically qualified that the model is dressed,
one has reason, based on even a glancing familiarity with Picasso’s
work, to assume the opposite….
The artist and his model was a recurrent,
signature theme spanning many decades of Picasso’s life. The
sculptor’s studio, to give
but one example, was the dominant subject of The Vollard Suite, the 100
prints of the early ‘thirties which constitute Picasso’s
most celebrated print series. The group of three etchings to which this
lovely print belongs is however noteworthy as the very first time Picasso
introduced the theme of the artist’s studio to his printmaking.
Table 4B. 1923-1927: mostly naturalism and neo-classicist styles, cont.
|
Bloch # |
76 |
77 |
78 |
79 |
80 |
81 |
|
Beauty |
* |
* |
*** |
** |
* |
** |
|
Significance |
* |
|
** |
* |
|
*** |
|
Rarity |
** |
* |
** |
*** |
** |
*** |
|
Size |
**** |
** |
** |
** |
*** |
** |
|
Visibility at a distance |
|
|
|
|
|
|
|
Color |
|
|
|
|
|
|
|
Fading |
|
|
|
|
|
|
|
Cost |
** |
* |
* |
* |
* |
* |
|
Desirability to cost ratio |
|
|
*** |
** |
|
|
|
Signature |
Y |
Y |
Y |
N |
Y |
Y |
In 1931, Picasso created a series of book illustrations for a deluxe
edition of Balzac's novel, Le Chef d'Oeuvre Inconnu, The
Unknown Masterpiece (Table 5). Balzac tells the story of Frenhofer, a 17th century artist
who was driven mad in the pursuit of perfection while painting the
portrait of his model. After sequestering himself for ten years
in this Pygmalion
effort, he was discovered by his friends along with his portrait. In
his hands, the model had been reduced to an incomprehensible abstraction.
Misunderstood by his friends, Frenhofer destroyed his canvases and
died in shame. Few of these thirteen illustrations directly relate
to the
story, however. The most interesting of them is an amusing juxtaposition
between a matronly model, passing the time with her knitting, and her
entirely abstract “portrait” (Bloch 85, Fig. 8).

Figue 10. Peintre et Modèle Tricotant
(Bloch 85)
Table 5A. Le Chef D’Oeuvre Inconnu, 1927
|
Bloch # |
82 |
83 |
84 |
85 |
86 |
87 |
88 |
89 |
90 |
91 |
|
Beauty |
* |
|
*** |
*** |
* |
** |
* |
** |
* |
* |
|
Significance |
* |
* |
** |
*** |
* |
* |
* |
* |
* |
* |
|
Rarity |
|
|
|
|
|
|
|
|
|
|
|
Size |
** |
** |
** |
** |
** |
** |
** |
** |
** |
** |
|
Visibility at a distance |
|
|
|
|
|
|
|
|
|
|
|
Color |
|
|
|
|
|
|
|
|
|
|
|
Fading |
|
|
|
|
|
|
|
|
|
|
|
Cost |
* |
* |
* |
* |
* |
* |
* |
* |
* |
* |
|
Desirability to cost ratio |
|
|
* |
* |
|
|
|
|
|
|
|
Signature |
Y/N |
Y/N |
Y/N |
Y/N |
Y/N |
Y/N |
Y/N |
Y/N |
Y/N |
Y/N |
Table 5B. Le Chef D’Oeuvre Inconnu, 1927, cont.
|
Bloch # |
92 |
93 |
94 |
|
Beauty |
|
|
|
|
Significance |
* |
* |
|
|
Rarity |
|
|
|
|
Size |
** |
** |
** |
|
Visibility at a distance |
|
|
|
|
Color |
|
|
|
|
Fading |
|
|
|
|
Cost |
* |
* |
* |
|
Desirability to cost ratio |
|
|
|
|
Signature |
Y/N |
Y/N |
Y/N |
Table 6 lists four miscellaneous prints including a wonderful, realistic,
but very close-up profile of Picasso’s new mistress, Marie-Thérèse (Bloch 95, Fig. 9).

Figure 11. Visage (Bloch 95)
Table 6. Four miscellaneous prints, 1928-1930
|
Bloch # |
95 |
96 |
97 |
98 |
|
Beauty |
*** |
** |
|
* |
|
Significance |
*** |
** |
|
|
|
Rarity |
|
|
*** |
** |
|
Size |
* |
** |
** |
** |
|
Visibility at a distance |
* |
* |
|
|
|
Color |
|
|
|
|
|
Fading |
|
|
|
|
|
Cost |
***/* |
* |
* |
* |
|
Desirability to cost ratio |
_/* |
|
|
|
|
Signature |
Y/N |
N |
N |
y |
Picasso inaugurated the next decade, a most
portentous one for his oeuvre, by famously illustrating Ovid’s
Metamorphoses (Table 7; Fig. 10, Vertumne Poursuit Pomone
de son Amour (Bloch 126, 1930); see also Bloch
125, Chapter 1, Fig. 12).

Fig.
12. Vertumne Poursuit Pomone de son Amour (B126)
There could be no better fit between text and illustrator than
a story of transformation, the very hallmark of Picasso’s art. The thirty
wonderful and deceptively simple portraits that comprise this series
include fifteen half-length portraits which illustrated the chapter
titles and bore no specific relationship to the text. The full-length
works did however closely correspond to the narrative, which was unusual
in Picasso’s illustrated books. This series was created contemporaneously
with the earliest prints of the Vollard Suite, with which it shares
the simple elegance of the artist's neoclassical style.
Albert Skira was just starting out in the publishing business when he
decided to shoot for the stars and ask Picasso to illustrate a book for
him. Picasso agreed but was at a loss as to which book to choose to illustrate.
After some time, Picasso related a dream to Pierre Matisse, the artist's
son, in which women were transformed into fish. Pierre seminally proposed
that Picasso illustrate Ovid's Metamorphoses. For his fiftieth birthday
on October 25, 1931, Picasso received the first proof of this book from
Skira.
Table 7. Ovid’s Metamorphoses, 1930-31
|
Bloch # |
99 |
101 |
102 |
103 |
104 |
107 |
112 |
113 |
125 |
126 |
|
Beauty |
*** |
* |
* |
* |
* |
* |
** |
* |
*** |
**** |
|
Significance |
** |
* |
* |
* |
* |
* |
* |
* |
**** |
**** |
|
Rarity |
** |
** |
** |
** |
** |
** |
** |
** |
** |
** |
|
Size |
** |
** |
** |
** |
** |
** |
** |
** |
** |
** |
|
Visibility at a distance |
|
|
|
|
|
|
|
|
|
|
|
Color |
|
|
|
|
|
|
|
|
|
|
|
Fading |
|
|
|
|
|
|
|
|
|
|
|
Cost |
* |
* |
* |
* |
* |
* |
* |
* |
* |
* |
|
Desirability to cost ratio |
** |
|
|
|
|
|
* |
|
*** |
*** |
|
Signature |
N |
N |
N |
N |
N |
N |
N |
N |
N |
N |
