The auction house will donate its profits from the sale to the diabetes research.
Frederic Grant Banting, who in 1921, together with his assistant, first received and applied insulin, was not only a doctor but also an artist. Canadian auction house Heffel sold his work “Laboratory” for $237 thousand. It is believed that Banting wrote the very room in which he opened insulin. This is reported by Artnet.
The head of the auction house, David Heffel, said that it was the most difficult experience in his auctioneer career. “This picture is not only an aesthetically successful painting but also a historically invaluable work of a great artist and physician, whose discovery improved and prolonged the lives of millions of people,” said Heffel.
The original owner of this work was the employee of the laboratory of the Banting Sadie Gairns. She handed the picture to assistant lab assistant Jean Orr, whose descendants sent the canvas up for auction.