What event does this portrait of King Charles III, unveiled in May 2024, commemorate?

_x000D_Screenshot: Associated Press (youtube.com)

What event does this portrait of King Charles III, unveiled in May 2024, commemorate?

The portrait, painted by Jonathan Yeo, was commissioned to celebrate King Charles III’s long-standing relationship with the Drapers’ Company, which began half a century ago. This association isn’t just about fancy dinners; the Drapers’ Company is a historic trade organization for wool merchants that has evolved into a philanthropic body granting funds for various causes. This piece of artwork, capturing King Charles in the regal red uniform of the Welsh Guards, was first publicly viewed by Charles himself at Buckingham Palace on May 14, 2024, before its display starts from May 16 to June 14, 2024, at the Philip Mould Gallery in London. The life-size portrait includes symbolic elements like a butterfly, perhaps hinting at transformation and continuity.