By Daily Mail Reporter
Published: 01:32 BST, 23 October 2020 | Updated: 01:32 BST, 23 October 2020
A David Hockney painting has fetched nearly £13million after being auctioned by the Royal Opera House to help it survive the impact of the pandemic.
The portrait depicts the institution’s former chief Sir David Webster, who ran it from 1945 to 1970, and was commissioned for the Covent Garden building.
It went under the hammer for £12,865,000 at Christie’s auction house in London.
Earlier this month, the Royal Opera House announced it would have to sell the portrait because it faces ‘the biggest crisis’ in its history’. It says it has ‘lost £3 in every £5 of income’.
In this file photo taken on October 9, 2020, a painting by English artist David Hockney titled Portrait of Sir David Webster, 1971 is on show at Christie's auction house in London