MGM Resorts puts 11 Picassos on block, seeking $100M

MGM Resorts is auctioning off its store of 11 Pablo Picasso works by way of clearing room for a more diverse collection, and hopes to realize as much as $100 million. “We are committed to creating an even more inclusive collection that maintains the breadth of our existing portfolio while giving a greater voice to artists from under-represented communities,” MGM executive Ari Kastrati said.