Anonymous donor gives Picasso to University of Sydney

An anonymous donor has given a priceless Picasso painting  to the University of Sydney. The only caveat is that the school must sell the painting and use proceeds pay for scientific research.

The painting depicts Picasso's lover, Marie-Therese Walter. It is Likely to sell for up to $19.5 million U.S. when it is auctioned at Christie's in London.

The painting was donated in 2010 by an anonymous individual in the United States who requested their identity remain secret. The anonymous donor personally delivered the painting to the school with the strict criteria regarding its sale and the use of the proceeds.

It is expected that a portion of the proceeds will be used to for obesity research, as well as research for diabetes and cardiovascular disease.

Also in 2010, another Picasso portrait of Walter was auctioned off and fetched $106.5 million — a world record sale.

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