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.
The ability to remain anonymous and make great contributions to society and to scientific research is fundamental and typical of many prior philanthropic contributions. Anonymity allow for great things to happen. Whether it is sending an anonymous email to tip off the police or simply giving back to society in a humble manner, anonymity is a part of who we are.
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