Picasso masterpiece boosts funding for University

SYDNEY UNIVERSITY: A rarely seen Picasso masterpiece donated anonymously to the University of Sydney has sold for £13.5 million (A$20.6 million).
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A rarely seen Picasso masterpiece donated anonymously to the University of Sydney has sold for £13.5 million (A$20.6 million).

The portrait of the artist’s lover, Marie-Therese Walter Jeune fille endormie was given to the University in 2010 by a US donor under the condition that it be sold and the proceeds donated to scientific research.

The University fulfilled its condition in a London auction on Tuesday, and raised the second highest amount on the night.

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