Arab Sheikh buys Prince Charles painting for $38k and the seller donates funds to charity
The art of giving
A Saudi Arabian Sheikh has continued the, seemingly building tradition, of buying a painting by Prince Charles, The Prince of Wales. The heir to the British the throne created and signed the The Terrace Highgrove House lithograph, which represents the landscaped terrace of his home in South West England. The Prince, who is active in a number of children's charities, including his own foundation 'The Prince's Trust', duly gifted this painting to another children's charity – Kids for Kids.
The framed painting was subsequently sold by the charity at a fundraising, celebrity auction event in 2012. Businessman, Andrew Mead's winning bid of $11,371, saw him become the new proud owner of the art – for a while at least. His contribution to the painting went to good use at the Kids For Kids charity.
It has been revealed that Mead has subsequently sold the painting to a Saudi Arabian Sheikh for an impressive $37,905, as reported in the British tabloids. Mead has ploughed the money back into the worthy charitable organisation and the new injection of funds has gone towards building a much needed new school in Sudan.
Patricia Parker MBE, chief executive of Kids For Kids, said: "It is incredible to think that this new school has come from the proceeds of a single work by the Prince." This is the art that keeps on giving...