Mystery donor gives Sydney university Picasso painting

Updated: 2011-04-28 07:58

(China Daily)

Twitter Facebook Myspace Yahoo! Linkedin Mixx

Mystery donor gives Sydney university Picasso painting

This undated photo released by Christie's of London shows the 1935 Pablo Picasso painting Jeune fille endormie. Christies / Associated Press

SYDNEY - An anonymous US donor has given a Pablo Picasso painting worth millions to the University of Sydney on the condition the school use proceeds from the painting's sale to fund scientific research, officials said on Wednesday.

The 1935 painting, Jeune fille endormie, depicts Picasso's lover, Marie-Therese Walter, and is expected to fetch up to $19.5 million when it is auctioned at Christie's in London in June, university officials said in a statement.

The portrait was donated last year by someone in the United States who requested anonymity, said the university's Vice-Chancellor Michael Spence. The donor personally flew the painting to Sydney and gave it to the school with the strict orders that it be sold to fund scientific research at the university, Spence said.

Some of the money from the sale will be used to support research into obesity, diabetes and cardiovascular disease, Spence said.

"This is an absolute jewel of a painting by one of the great artistic geniuses of Western art, and we are pleased to be able to support the University of Sydney by offering it at auction," Giovanna Bertazzoni, director of impressionist and modern art at Christie's in London, said in a statement.

Last year, another Picasso portrait of Walter sold for $106.5 million - a world record price for any work of art sold at auction.

Associated Press



Blowing in the wind

High-Flyers from around the world recently traveled to home of the kite for a very special event.

Preview of the coming issue
Image maker
Changing fortunes

European Edition


Costly dream

Uninhabited havens up for lease but potential customers face wave of challenges in developing them.

Models gear up car sales

Beauty helps steer buyers as market accelerates.

Urban breathing space

City park at heart of Changchun positions itself as top tourism attraction

25 years after Chernobyl
Luxury car show
Peking Opera revival