Samsung’s founding family will donate tens of thousands of rare artworks, including Picassos and Dalis, to help them pay a massive inheritance tax bill following last year’s death of company chairman Lee Kun-Hee.

A Pablo Picasso painting of a teenage nude with flowers fetched $115 million at Christie’s on Tuesday.

PARIS, Oct 12: Some of Pablo Picasso’s greatest works go on display in Paris this week, in an exhibition that charts a pivotal year in which he cemented his status as a titan of 20th-century art. ‘Picasso 1932: Erotic Year’, chronicles the Spanish artist’s prolific creativity over those 12 months, referred to in the art world as his “year of wonders”.