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£50m appeal to keep Titian work £100m appeal to keep Titian works
(about 5 hours later)
Two galleries are appealing for £50m to buy a painting by Italian Renaissance artist Titian. Two galleries are hoping to raise £100m to buy a pair of paintings by Italian Renaissance artist Titian.
The Duke of Sutherland is offering two works to the National Galleries of Scotland and the National Gallery in London for £50m each. The Duke of Sutherland is offering the works to the National Galleries of Scotland and the National Gallery in London for £50m each.
If the galleries raise the funds to buy Diana and Actaeon, then the second painting - Diana and Callisto - will be offered for sale in four years.If the galleries raise the funds to buy Diana and Actaeon, then the second painting - Diana and Callisto - will be offered for sale in four years.
The figure represents one third of their estimated open market value.The figure represents one third of their estimated open market value.
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The paintings were created as part of a cycle of works for King Philip II of Spain from 1556 to 1559.The paintings were created as part of a cycle of works for King Philip II of Spain from 1556 to 1559.
They form part of the historic Bridgewater collection owned by the duke and on display at the National Gallery of Scotland.They form part of the historic Bridgewater collection owned by the duke and on display at the National Gallery of Scotland.
The collection also includes three paintings by Raphael, a Rembrandt, a Van Dyck, a Tintoretto and two more Titians.The collection also includes three paintings by Raphael, a Rembrandt, a Van Dyck, a Tintoretto and two more Titians.
'Most important''Most important'
The 7th Duke of Sutherland has decided to sell some of the collection to raise £100m.The 7th Duke of Sutherland has decided to sell some of the collection to raise £100m.
His offer comes with the added incentive that, should the two galleries manage to raise the necessary funds, the entire collection will remain on long-term loan to the Scottish gallery.His offer comes with the added incentive that, should the two galleries manage to raise the necessary funds, the entire collection will remain on long-term loan to the Scottish gallery.
"The Bridgewater Loan ... is the most important Old Master paintings loan to any public museum in the world," said the gallery's director, John Leighton.... Diana and Callisto will then be offered "The Bridgewater Loan ... is the most important Old Master paintings loan to any public museum in the world," said the gallery's director, John Leighton. href="http://news.bbc.co.uk/1/shared/spl/hi/pop_ups/08/entertainment_enl_1219910690/html/1.stm" onClick="window.open('http://news.bbc.co.uk/1/shared/spl/hi/pop_ups/08/entertainment_enl_1219910690/html/1.stm', '1219910728', 'toolbar=0,scrollbars=0,location=0,statusbar=0,menubar=0,resizable=1,width=700,height=716,left=312,top=100'); return false;">... Diana and Callisto will then be offered href="http://news.bbc.co.uk/1/shared/spl/hi/pop_ups/08/entertainment_enl_1219910690/html/1.stm" onClick="window.open('http://news.bbc.co.uk/1/shared/spl/hi/pop_ups/08/entertainment_enl_1219910690/html/1.stm', '1219910728', 'toolbar=0,scrollbars=0,location=0,statusbar=0,menubar=0,resizable=1,width=700,height=716,left=312,top=100'); return false;" >Enlarge Image
"The present initiative is intended to secure the long-term future of the loan for the public benefit."The present initiative is intended to secure the long-term future of the loan for the public benefit.
"We are delighted to be working in close collaboration with the duke and our colleagues in London in order to achieve this.""We are delighted to be working in close collaboration with the duke and our colleagues in London in order to achieve this."
Under the deal, the galleries will be offered each painting in turn. They have until the end of this year to commit to buying the first.Under the deal, the galleries will be offered each painting in turn. They have until the end of this year to commit to buying the first.
Titian (Tiziano Vecellio) is acknowledged as one of the greatest colourists of all time, who pioneered the use of oil paints, and paved the way for generations of artists to come.Titian (Tiziano Vecellio) is acknowledged as one of the greatest colourists of all time, who pioneered the use of oil paints, and paved the way for generations of artists to come.