The portrait depicts a smiling Queen gazing towards a window dressed in robes for the state opening of Parliament.
![[ image: width=150]](/olmedia/335000/images/_336221_bean.jpg)
The painting, which also features two Chelsea pensioners, was commissioned by the Royal Hospital Chelsea from artist Andrew Festing.
Although the Queen has not commented on the new painting, it is believed to have been given a better reception in the royal household than the previous portrait, a 1996 work by painter Anthony Williams.
The Queen was understood to have taken an instant dislike to that portrait, which showed her with fat fingers and wrinkles.
Portrait is 'disproportionate'
The latest work has been less well received by London Evening Standard art critic Brian Sewell, who described the Queen as looking like "the female equivalent of the giant in Jack and the Beanstalk".
Mr Sewell said: "The trouble with Festing's portrait is that it is disproportionate, the Queen standing like a giant column on one side, with various trappings occupying the rest of the picture."
He said a moratorium may have to be declared on the "hackneyed" royal portrait.
Queen 'enormously helpful'
The new painting will hang alongside other state portraits in the Chelsea hospital's large collection.
Lord Archer unveiled the 6ft high work at the opening of the annual Royal Society of Portrait Painters Exhibition at The Mall Galleries, central London.
![[ image: width=150]](/olmedia/335000/images/_336221_fingers.jpg)
Mr Festing, who spent nine months working on the portrait, said the Queen had been easy to work with.
He said: "She is enormously helpful and co-operative. She's very skilful at keeping an alert expression on her face, which is very helpful, and I did give her a hint of a smile."
Mr Festing, a former captain in the Rifle Brigade, said the Queen has not commented on his work.
He said: "I do not think she comments on these things, I don't think she gets involved which I think is quite right."
Prize winners announced
The artist is a former head of the English picture department at Sotherbys and took up full-time painting in 1981.
Lord Archer commented: "I think it is outstanding, it's a very good picture."
The exhibition also features the first portrait of Ffion Jenkins, wife of the Conservative leader William Hague, by Tom Coates, president of the Pastel Society.
The winners of three major prizes were also announced today, including a new award for portrait drawing, sponsored by the Prince of Wales.
The £2,000 prize was won by Nick Cochrane, from London, for his work entitled Julian.
James Lloyd, 27, from Lytham St Anne's, Lancashire, wond the £3,000 Carroll Foundation Young Portrait Painters Award for his work Maroon Bentley and John Ward won the £5,000 Ondaatja Prize for Portraiture.
The BBC is not responsible for the content of external internet sites.
Next steps for peace
Blairs' surprise over baby
Bowled over by Lord's
Beef row 'compromise' under fire
Hamilton 'would sell mother'
Industry misses new trains target
Quins fightback shocks Cardiff
(From Sport)
Vodafone takeover battle heats up
(From Business)
IRA ceasefire challenge rejected
Thousands celebrate Asian culture
Christie could get two-year ban
(From Sport)
Colleagues remember Compo
(From Entertainment)
Mother pleads for baby's return
Toys withdrawn in E.coli health scare
Nurses role set to expand
(From Health)
Israeli PM's plane in accident
More lottery cash for grassroots
Pro-lifers plan shock launch
Double killer gets life
Cold 'cure' comes one step closer
(From Health)
Straw on trial over jury reform
(From UK Politics)
Tatchell calls for rights probe into Mugabe
Ex-spy stays out in the cold
Blair warns Livingstone
(From UK Politics)
Smear equipment `misses cancers'
(From Health)
Boyzone star gets in Christmas spirit
(From Entertainment)
Fake bubbly warning
Murder jury hears dead girl's diary
Germ warfare fiasco revealed
(From UK Politics)
Blair babe triggers tabloid frenzy
Tourists shot by mistake
A new look for News Online