PEOPLE: Picasso could fetch $60 million

Picasso could fetch $60 million

LONDON -- Christie's auction house said Wednesday that it will sell a celebrated Pablo Picasso portrait that was the subject of a dispute about its Nazi-era ownership.

''Portrait of Angel Fernandez de Soto (The Absinthe Drinker)'' is expected to fetch between 30 million pounds and 40 million pounds ($45 million and $60 million) at an auction in London on June 23.

The 1903 portrait, from Picasso's Blue Period, is being sold by composer Andrew Lloyd Webber's charitable foundation. Proceeds will go to its work promoting the arts.

The painting -- of a fellow artist with whom the young Picasso shared a studio -- was withdrawn from sale in New York in 2006 after the heir of a Berlin banker who owned it in the 1930s claimed his ancestor was forced to sell it under Nazi intimidation.

U.S. courts threw out the lawsuit, and Christie's said the issue had now been resolved ''by agreement.''

Ga. Senate postpones Perry honor

ATLANTA -- A resolution honoring entertainment mogul Tyler Perry, scheduled to be proclaimed Wednesday by the Georgia state Senate, was postponed.

Perry was to be honored for his achievements as an entertainer and humanitarian. The 40-year-old New Orleans native and Atlanta resident would be the first celebrity to be honored in the chamber this session.

Trump reviving 'Apprentice' with regular folks

NEW YORK -- Donald Trump isn't firing ''The Celebrity Apprentice,'' but he's bringing back the regular edition of the show with 14 ordinary candidates plagued by the sour job market.

NBC and Trump said Wednesday they want to put America back to work. His revived ordinary-folks ''Apprentice'' will recruit competitors who have lost their jobs.