The University of Sydney was celebrating Wednesday after a Picasso painting it was given sold for more than US$20 million at a London auction, with the funds to be used for scientific research. \"Jeune fille endormie\", an intimate portrait of the Spanish-born artist\'s lover Marie-Therese Walter, whom he met when he was 45 and she was 17, was one of three works at Christie\'s Impressionist and Modern Art Evening Sale. It sold for £13.5 million (US$22 million) on Tuesday, easily surpassing its £9 million valuation. The 1935 portrait was donated to the university last year by a mystery American, on the condition that it would be sold and all proceeds directed to scientific research. \"This is a great result which is transformative for the university and for the health of the nation,\" said University of Sydney Vice-Chancellor Michael Spence. \"The sale of this remarkable work is the result of one donor\'s extraordinary generosity who said \'this painting is going to change the lives of many people\'. \"They were right. We are grateful for their extraordinary generosity and delighted with the outcome of the auction.\" The money will be spent on research into diabetes, obesity and heart disease. \"It is a university-wide project that will involve everyone from economists to sociologists,\" added Spence. The artwork was originally bought by the founder of the Chrysler car company, Walter Chrysler, who sold it to the mystery donor, who in turn gave it to the university.
GMT 03:46 2017 Sunday ,16 April
6 Delhi University colleges among India's top 10 in ministryGMT 19:47 2017 Saturday ,15 April
AUB opens third annual international sports tournamentGMT 12:01 2017 Wednesday ,12 April
Civic engagement at core of new partnership agreementGMT 07:41 2017 Wednesday ,12 April
Symposium at AUB addresses women's political participation in LebanonGMT 12:59 2017 Saturday ,08 April
Civic engagement at core of new partnership agreement between AUB and CIHGMT 09:17 2017 Saturday ,08 April
AUB President Fadlo Khuri Plants a Tree to Reaffirm AUB's Stance on Nature ConservationGMT 08:33 2017 Saturday ,08 April
AUB: KIP Conference a Forum for Diverse Voices Tackling Big IssuesGMT 17:20 2017 Friday ,07 April
HE Sheikha Hind Meets Qatardebate's Elite AcademyMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©