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Picasso $77 Million Portrait to Leave U.K., Rescue Fails

A Pablo Picasso painting valued at 50 million pounds ($77 million) has been sold privately by Christie’s International after U.K. institutions failed to raise the necessary funds to keep it in the country.

The 1901 canvas “Child with a Dove,” a precursor of Picasso’s Blue Period works, was one of the first paintings by the artist to enter a U.K. collection.