Belfast Telegraph

Thursday 2 April 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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Horoscopes

Your Horoscopes by Russell Grant

Aries:

Creative ventures will go extremely well. This is a wonderful time to showcase your talent for writing, music or design. If you want to sell your handiwork, form a partnership with a boutique or open an online store. Business will boom. Your love life is also doing well. Are you single? You'll meet someone interesting at a glamorous party or maybe even a professional setting. If you're already happily hitched think about planning a holiday at a relaxing resort.More