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PITTSBURGH CHRONICLE TELEGRAPH. MAR 1 1911

Henry C. Frick Reported to Have Paid $500,000 for a Painting by Velasquez --- LARGEST SALE OF PRESENT YEAR --- The Picture Is a Three-Quarter-Length Portrait of King Philip IV of Spain. --- GREAT WORK OF NOTED ARTIST --- New York, March 1.--Henry C. Frick just added to the noted collection of paintings in his Fifth avenue home a three-quarter length portrait of King Philip IV of Spain, one of the best examples of the work of Velasquez. Frick is said to have paid $500,000 for it. The sale ranks as the largest of the present year. It matches the purchase of another Velasquez, the portrait of the Duke of Olivares, by Mrs. C.P. Huntington last year for $400,000 and given by her to the Hispanic Museum in memory of her husband. According to the archives of the royal palace in Madrid, the painting was finished by Velasquez in three days during the winter of 1644.