Lloyd Webber charity gives U.K. arts $51.8 million
The Andrew Lloyd Webber Foundation is to inject £32 million ($51.8 million) into arts projects across the U.K., it announced on Thursday.
The initiative will be funded by using the money the charity received from its sale of the Picasso painting “Portrait of Angel Fernández de Soto” – a Blue Period masterpiece that sold to an undisclosed buyer for £34.8 million ($56.3 million) at Christie’s London last May.
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