Work by Pablo Picasso (left) and Henry Moore is going up for auction

A Picasso etching sold for £4,800 at an auction - but a Henry Moore wall panel didn’t sell at all.

The 1931 piece sold comfortably within its guide price of £4,000 to £6,000 at the Tower Theatre in Folkestone last night.

Pablo Picasso called it Deux Femmes Nues dans un Arbre (two nude women in a tree).

The Moore piece, a 1940s textile panel called Three Women Seated, was offered at £3,000 to £5,000.

Jonathan Riley, of Grand Auctions who held the sale, said: “I think it is because Henry Moore is hardly known for his work in fabrics but of course his sculptures would sell for millions.”

The panel was one of only 65 ever made by Moore after he was commissioned for the work by Zika Ascher, a Czech textile manufacturer, who fled Germany before the Second World War.

The auctioneer at the Tower Theatre was Freya Mitton, formerly of Sotherby’s.