Madonna sells Leger painting for $7.2m

  09 May 2013    Read: 946
Madonna sells Leger painting for $7.2m
A painting by Fernand Leger owned by Madonna has been sold for $7.2 million (
The singer bought the 1921 Cubist work, Three Women at the Red Table, in 1990 for $3.4m (£2.2m).

According to Sotheby`s, proceeds from the sale "will benefit Madonna`s Ray of Light Foundation, supporting girls` education projects in the Middle East and South Asia".

"Thanks to everyone who helped make it happen!" said the pop star onFacebook.

Before Tuesday`s sale, Madonna said she wanted "to trade something valuable for something invaluable - educating girls".

The sale formed part of a Sotheby`s sale of Impressionist and modern art that took more than $230m (£148.6m).

Les Pommes, a still life by French artist Paul Cezanne, fetched the highest price, selling for $41.6m (£26.9m).

L`Amazone, a portrait of French socialite Baroness Marguerite de Hasse de Villers by Amedeo Modigliani, went for $25.9m (£16.7m).

A Pablo Picasso sculpture of his young muse Sylvette, meanwhile, sold for $13.6m (£8.8m).

Overall the auction failed to live up to last year`s event, which saw a version of Edvard Munch`s The Scream sell for a world record $119.9m (£77.4m).

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