Record Price for Raphael Paid by Sir J, Daveen New York, May 11.
The "New York Times" says that Joseph Duveen has purchased Raphael's "Madonna and Child" from Lady Desborough for G$875,000, or nearly $100,000 more than the record sum paid for Gainsborough's "Blue Boy."
Sir Joseph Duveen is _ereilited with the intention of leaving the picture in England for the time being, his purpose being to avoid possible il-feeling over its transference to America, It is stated that he will eventually sell it at cost price to the nation or to any public institution in Great Britain.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.