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[[File:Cone sisters with Gertrude Stein.jpg|thumb|upright 1.250|Cone sisters with Gertrude Stein, 1903|alt=Photo of three women dressed in Victorian skirts and blouses, seated together around a small table outdoors]]
[[File:Marlborough Apartments, 1701 Eutaw Place, Baltimore, MD 21217 (32976829615).jpg|thumb|upright 1.250|Marlborough Apartments, where the Cone sisters lived in Baltimore on Eutaw Street|alt=Photo looking upwards at a large, rectangular high-rise apartment building]]
The Cone sisters were friends of literary figures such as [[Gertrude Stein]] and [[Alice B. Toklas]]. Their social circle included French artist [[Henri Matisse]] and Spanish painter [[Pablo Picasso]].<ref name=TBS7_16_1989>{{cite news |author= |title= Picasso's early works receive major exhibit |url= https://www.newspapers.com/clip/80538420/ |newspaper= Rapid City Journal |location=Rapid City, South Dakota|date=July 16, 1989 |via=[[Newspapers.com]] {{open access}}}}</ref> Etta began purchasing art in 1898, when she was given $300 by a brother to decorate the family home.<ref name="Etta" /> Her purchase of five [[American Impressionism|impressionistic]] paintings by [[Theodore Robinson]] began a lifetime of collecting. Her tastes at first tended toward the conservative,<ref name="Collection" /> but one day in 1903, while the Cone sisters were on a European holiday, they visited Stein and her brother in [[Paris]].{{sfn|Pollack|1962|pages=59{{ndash}}69}} Etta was introduced to Picasso, followed by Matisse the next year, marking the beginning of her lifelong love of his art.<ref>{{Cite web|date=2007|title=Cone Collection|url=http://www.artbma.org/collection/overview/cone.html|url-status=dead|archive-url=https://web.archive.org/web/20141019145733/http://www.artbma.org/collection/overview/cone.html|archive-date=October 19, 2014|website=Baltimore Museum of Art}}</ref><ref name="letters">{{Cite web|title=The Etta Cone Letters, 1927–1949|url=http://library.uncg.edu/depts/archives/mss/html/Mss058.htm|url-status=dead|archive-url=https://web.archive.org/web/20100731023408/http://library.uncg.edu/depts/archives/mss/html/Mss058.htm|archive-date=2010-07-31|access-date=2007-10-12|website=University of North Carolina, Greensboro}}</ref><ref name=TBS4_22_2001>{{cite news |author= |title= A Tale of Two Collectors |url= https://www.newspapers.com/clip/80499018/ |newspaper= The Baltimore Sun |location=Baltimore, Maryland|date=April 22, 2001 |via=[[Newspapers.com]] {{open access}}}}</ref> The relationship the Cone sisters developed with
Etta made purchases to help upcoming artists like Matisse, Picasso, and students of the [[Maryland Institute College of Art|Maryland Institute College (MICA)]]. She also bought at very low prices from the Steins, who were perpetually in need of money and were known to purchase discarded sketches from Picasso at his art studio for two or three dollars apiece.<ref name="Collection">{{Cite web|last=Carter|first=Ashley|title=Inside the Cone Collection: Baltimore Sisters Amassed A Treasure Trove Of Art|url=https://www.frugalfun.com/cone-collection.html|access-date=2021-07-04|website=Frugal Fun}}</ref> Claribel acquired much more [[avant-garde|experimental grade]] works. She purchased Matisse's ''[[Blue Nude (Souvenir de Biskra)|Blue Nude]]'' for 120,760 [[French franc|francs]] and [[Paul Cézanne]]'s mountain painting ''[[Montagne Sainte-Victoire|Mont Sainte Victoire as Seen From Bibemus Quarry]]'' for 410,000 francs. Etta, being more financially conservative, was more likely to spend 10,000 francs for a collection of drawings or paintings.<ref name="Archives">{{Cite web|date=June 24, 2004|title=Cone Sisters|url=http://teachingamericanhistorymd.net/000001/000000/000067/html/t67.html|url-status=dead|archive-url=https://web.archive.org/web/20070916171810/http://teachingamericanhistorymd.net/000001/000000/000067/html/t67.html|archive-date=2007-09-16|access-date=2008-03-13|website=Maryland State Archives}}</ref> The Cone sisters had a special interest in Matisse's [[Nice]] period.<ref name="Matisse" /> After Claribel's death, Etta became more adventurous in her purchases, for instance, purchasing Matisse's ''Large Reclining Nude'' (''The Pink Nude'') for 9,000 francs in 1936, or about $2,000 US at the time ({{Inflation|US|2,000|1936|2019|fmt=eq}}).{{sfn|Hirschland|2008|pages=152-154}}
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