A painting of Richard III on horseback outside an inn in Leicester, hours before the Battle of Bosworth, has exceed its bidding expectation of £3,000, and sold for £7,300.
It was bought by the University of Leicester. Scientists from the university helped find Richard's remains and identify them.
The oil on canvas was painted by Leicester's most famous artist John Fulleylove in the 1880's.
It shows the king outside the Blue Boar Inn where he was reputed to have stayed the night before his death at Bosworth Field in August 1485.
The auction took place in Market Harborough.
Relatives of Richard III, whose body was unearthed in Leicester, have won the right to challenge plans to rebury his remains in the city.
A facial reconstruction of King Richard III is on display today in Leicester's Guildhall on the first stop of a nationwide tour.
Members of the Richard III Society and other dignitaries held a rose-laying ceremony today at Bosworth Battlefield Heritage Centre.