Portrait of Angel Fernández de Soto is a study of a young Spanish artist sitting in a bar, shrouded in tobacco smoke from a pipe, with a glass of absinthe in front of him. The young man, Fernández de Soto, was Picasso's friend and was usually referred to as an "amusing wastrel", as he enjoyed drinking and partying. Picasso met Fernández de Soto in 1899 and they twice shared studios in Barcelona. The portrait gives an insight into the life of Picasso and his circle of friends, and Picasso immortalized Fernández de Soto in several of his paintings.
The painting was sold for £34,761,250 in Christie's auction in London in 23 May 2010, and marks the 2nd highest price for a work of art sold by Christie's in Britain.