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Picasso painting sold for almost £13.5m at Christie's | |
(about 4 hours later) | |
A rarely seen painting by Pablo Picasso has been sold for almost £13.5m at Christie's auction house in London, exceeding expectations. | |
Jeune Fille Endormie (1935), a portrait of the Spanish artist's lover, had been estimated to sell for £9m-12m. | |
The artwork was donated to the University of Sydney, provided the establishment used money from the sale for scientific research. | The artwork was donated to the University of Sydney, provided the establishment used money from the sale for scientific research. |
Giovanna Bertazzoni from Christie's said the piece was an "absolute jewel". | |
Marie-Therese Walter was the subject of many of Picasso's celebrated works. | Marie-Therese Walter was the subject of many of Picasso's celebrated works. |
The couple met in 1927 when he was 45 and she was 17. The couple spent time together at Picasso's country home, the Chateau de Boisgeloup, where he created a string of masterpieces. | The couple met in 1927 when he was 45 and she was 17. The couple spent time together at Picasso's country home, the Chateau de Boisgeloup, where he created a string of masterpieces. |
Nude, Green Leaves And Bust, another portrait of Walter sold last year for a record $106.5m (£65.5m). | Nude, Green Leaves And Bust, another portrait of Walter sold last year for a record $106.5m (£65.5m). |
Dr Michael Spence from the university said it was a "very generous and far-sighted gift" that was donated to them by an anonymous person. | Dr Michael Spence from the university said it was a "very generous and far-sighted gift" that was donated to them by an anonymous person. |
"We are grateful for their extraordinary generosity and delighted with the outcome of the auction." | |
He said the money would go towards research into obesity, diabetes and cardiovascular disease. |
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