Certainly, yes, according to this guy: [gentle warning: link shows nude picture in question]

A doctor running hospitals in Cambodia has refused a donation raised by selling a nude photograph of France’s first lady because Cambodians disapproved of exploiting female flesh for money.

The 1993 picture of Italian ex-model Carla Bruni, now married to President Nicolas Sarkozy, raised $US91,000 ($98,300) at a New York auction last week.

“My decision [to turn down the donation] was taken out of respect for our patients and their mothers,” Swiss paediatrician Beat Richner said in an interview with the weekly Le Matin Dimanche.

“Accepting money obtained from exploitation of the female body would be perceived as an insult.”

In Cambodia “use of nudity is not understood in the way it is in the West,” he added.

Dr Richner said he did not wish his institution, the Kantha Bopha Children’s Hospital Association, “to be involved in the media exploitation of Madame Bruni.”

“The idea behind this gift was to get publicity for the auction and the photographer,” Dr Richner was also quoted as saying.

“It was a way of using us.”