Lloyd Webber to sell Picasso painting

Composer Sir Andrew Lloyd Webber is selling a Picasso painting from his own private collection to raise money for his charitable foundation.

Composer Sir Andrew Lloyd Webber is selling a Picasso painting from his own private collection to raise money for his charitable foundation.

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The painting of Angel Fernandez De Soto, dating back to the early 20th century, is expected to make up to $60 million at an auction at Christie's, London, in November, reported Contactmusic.com.

Lloyd Webber said: "If the picture sells successfully, it will be fantastic to have a charitable fighting fund with the freedom to support other excellent causes, particularly in the theatre and music worlds."