NEW YORK – Painted in April 1932, 90 years ago to the month, Femme nue couchee is one of Pablo Picasso’s most monumental and uninhibitedly sensual portrayals of Marie-Therese Walter. Appearing at auction for the first time, the large-scale painting is poised to achieve in excess of $60 million at Sotheby’s Modern Evening Auction on May 17, making it one of the most valuable portraits of Marie-Therese Walter ever offered at auction.