Princess Diana's Family Selling Off Art

The family of the late Princess Diana is selling off some of its famous art collection. "A Commander being armed for Battle" painted in either 1613 or 1614 by Flemish master Peter Paul Rubens is hoped to bring 8-12 million pounds ($12-18 million) when it goes on sale at Christie's in London on July 6 as part of an old masters sale. The painting has been at the Spencer family home, Althorp for more than 200 years. Although it was originally described as being in the "school of Rubens" it has now been identified by noted scholars as being painted by the master himself.

The painting is part of a Spencer collection sell-off of approximately $30 million designed to help preserve the family home. Althorp is undergoing a major restoration and the trustees of the estate decided to sell artwork deemed not integral to the Spencer Collection. Earl Spencer, Diana's brother, is head of the estate, and plans to marry for a third time later this year.