SYDNEY - an American anonymous donor gave a value of painting from Pablo Picasso million to the University of Sydney, on the condition that the school uses the proceeds of sale of the painting to fund scientific research, government officials, said Wednesday.
Painting of 1935, "girl asleep," depicts the lover of Picasso, Marie - Therese Walter and should look up to 18 million Australian dollars ($19.5 million) when it is awarded to Christie in London, in June representatives of the University said in a statement.
The portrait was given last year by a person to the United States, who requested anonymity, said the Vice-Chancellor of the University, Michael Spence. Personally, the donor has stolen painting in Sydney and was given to the school with strict orders that it be sold to fund scientific research at the University, Spence said.
Part of the money from the sale will be used to support research on obesity, diabetes and cardiovascular disease, says Spence.
"It is an absolute gem of a painting by one of the greatest artistic geniuses of Western art, and we are pleased to support of the University of Sydney in the offering at auction," Giovanna Bertazzoni, Director of Impressionist and modern art at Christie in Londonsaid in a news release.
Last year, another portrait of Picasso's Walter sold for $ 106.5 million - a record prices in the world for any artwork sold at auction.
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