Belfast Telegraph

Tuesday 2 September 2014

Madonna sells painting for charity

Madonna will use proceeds from a seven million US dollar art sale to help her charity

A French painting owned by Madonna has sold at a New York City auction for more than seven million US dollars (£4.5m).

Proceeds of the sale of Fernand Leger's Three Women at the Red Table will benefit the Ray of Light Foundation, which supports girls' education in Afghanistan, Pakistan and other countries.

Madonna says she wanted to "trade something valuable for something invaluable" in countries where female education is rare or nonexistent. She bought the work at Sotheby's in 1990 for 3.4 million US dollars.

Sotheby's auction house did not reveal who bought the painting for 7.2 US dollars million on Tuesday. Leger created the work in 1921 as part of a series depicting women with still-life compositions.

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Horoscopes

Your Horoscopes by Russell Grant

Virgo:

It's time to take charge of your finances. You can't relax unless you have some money in the bank. Therefore, you should land a good job that brings a steady income. Don't be afraid to ask for more money than you are initially offered. A show of courage will pave the way for a good working relationship with your boss. You're tired of giving away your precious talent for a pittance. Stand in your own defence. If you don't, nobody else will.More