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Indiana museum finds valuable Picasso in storage

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    This photo provided by the Evansville Museum of Arts, History & Science shows Pablo Picasso's ?Seated Woman with Red Hat? (?Femme assise au chapeau rouge?). The Evansville Museum plans to sell the layered, fired glass piece that it has kept in storage nearly 50 years and only recently discovered was genuine, because it is to expensive to keep. It is not known how much it is worth. (AP Photo/courtesy Evansville Museum of Arts, History & Science, Michael Wheatley)
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EVANSVILLE, Ind. >> An Indiana museum plans to sell a work of glass art by Pablo Picasso that sat unnoticed in storage for nearly 50 years.

The Evansville Museum says the piece titled “Seated Woman with Red Hat” was donated to the museum in 1963. 

Museum officials say it was cataloged as art inspired by a design for a Picasso painting but credited to an artist named Gemmaux. That name turned out to be plural for “gemmail,” which is the type of glass used in the work.

President Steven Krohn told the Evansville Courier & Press that trustees decided to have New York auction house Guernsey’s sell the piece because of the costs to display, secure, preserve and insure it.

Krohn says it’s not yet known how much the piece is worth.

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