The Duke of Sutherland wants to sell two of his Titians which have been on loan to the nation for 60 years. The asking price, £50 million for one of them by 31 December and another £50 million for the second in 4 years time. If the nation buys them he will extend the loan of the rest of his collection by another 21 years- this includes Raphaels and a great Rembrandt.
Relatively speaking, I think this is a good deal. The Titians are likely to be worth 3 times as much on the open market. It's galling to see this very rich man get richer but on the other hand he's been more public spirited than most of his ilk, and those are the people who own art. He also sold a Titian to the nation at an £8 million discount 5 years ago.
I also can't see any attempt to force the issue working. Italy has pretty strict laws about cultural objects leaving but the Duke is likely to withdraw his collection from public galleries if leaned on too heavily. Or indeed wait for the Tories to come to power where he can cash in.
Apparently Andy Burnham is sympathetic to public money being used. But no doubt in typical New Labour fashion this won't be new money, and I'm shrinking from the cuts in grass roots that will bring about.
What say you?
Relatively speaking, I think this is a good deal. The Titians are likely to be worth 3 times as much on the open market. It's galling to see this very rich man get richer but on the other hand he's been more public spirited than most of his ilk, and those are the people who own art. He also sold a Titian to the nation at an £8 million discount 5 years ago.
I also can't see any attempt to force the issue working. Italy has pretty strict laws about cultural objects leaving but the Duke is likely to withdraw his collection from public galleries if leaned on too heavily. Or indeed wait for the Tories to come to power where he can cash in.
Apparently Andy Burnham is sympathetic to public money being used. But no doubt in typical New Labour fashion this won't be new money, and I'm shrinking from the cuts in grass roots that will bring about.
What say you?
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