8 Dec 2011

Painting by Velazquez sold

6:11 pm on 8 December 2011

An oil painting by Spanish artist Velazquez discovered in Oxford has sold at auction for £3 million.

The unframed portrait of a balding man was found in August 2010 when it was consigned for sale at Bonhams auction house in Oxford.

In-house experts suspected it was by Diego Rodriguez de Silva y Velazquez and had it sent for analysis.

The portrait was confirmed after X-ray examination. The painting was part of a small collection of works owned by 19th century British painter Matthew Shepperson.

The BBC reports it is one of 100 works by the Seville artist known to exist, of which only a handful remain in private hands.