sold Renoir's "Le Moulin de la Galette" to an unidentified buyer for $50 million after the painting was purchased in 1990 for $78.1 million by Daishowa's late honorary chairman Ryoei Saito, the Yomiuri Shimbun reported. Saito, who died in 1996, drew worldwide criticism when he said he wanted to be cremated with the Renoir painting and the Van Gogh painting "Portrait of Doctor Gashet" he purchased for a reported $85.2 million. As debts began to accumulate for Daishowa Paper, the paper company's subsidiary decided last May to begin been searching for buyers for the masterpiece, the paper said. The painting's new owner reportedly lives overseas, it said.