Belfast Telegraph

Friday 30 January 2015

Madonna sells painting for charity

Madonna will use proceeds from a seven million US dollar art sale to help her 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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Your Horoscopes by Russell Grant

Aquarius:

A cherished dream is elusive. It will be best to change gear, at least for the immediate future. Pursue a moneymaking opportunity with creative appeal. Getting paid to exercise your imagination will lift your spirits. By the time you finish this assignment, you may be in better condition to pursue your primary goal. A brilliant idea for operating on a shoestring budget will come. At that point, nothing will stand between you and success. Stay calm and take things one step at a time.More