Pablo Picasso spent his last 12 years at Mas de Notre-Dame du Vie home and studio located in the south of France, with his wife Jacqueline and her daughter Cathérine until his death in 1973.
Home was renovated by Belgian architect Axel Vervoordt, who restored and expanded the historic structure.
The house was designed by Picasso himself and the gardens are nationally acclaimed in France with some of the largest wisteria trees in Europe. There are species of roses cultivated by Picasso that only grows on the property.
It was sold this month to international financier and Executive Chairman of Scepter Partners, Rayo Withanage, the Mayor of Mougins confirmed in an official press release the sale as reported by The Wall Street Journal.
Mr. Withanage said Thursday he purchased the property from Tom Moeskops, a Dutch real-estate investor and BMB, an investment firm formed by the Brunei royal family. Scepter is a syndicate of wealthy families and state investment funds from the Middle East.
“It’s practically a museum,” Mr. Withanage said of the estate’s connection to the legendary artist. “It has his furniture, his easels.”
Mr. Withanage, 38 years old, declined to say how much he paid for the estate, though he said the figure was less than its listed price of more than $200 million.