Nation loses Old Master painting after pound plummets

London’s National Gallery confirmed on Thursday (16 February) that it lost the bid to acquire Pontormo’s ‘Portrait of a Young Man in a Red Cap’ (1530).

One of only 15 surviving portraits by the Italian Old Master, real name Jacopo Carrucci, it was sold to US hedge fund owner, Tom Hill, by the Earl of Caledon in 2015. In December 2015, it was temporarily barred from export by the former Minister for Culture Ed Vaizey who was concerned to help save the painting for the British nation. With the export bar in place, the National Gallery set to work raising the £30,618,987 necessary to match the sale price.  Continue reading

National Portrait Gallery fundraising to purchase unfinished Duke of Wellington portrait

The countdown is on to source the £300,000 necessary to purchase an unfinished portrait of the Duke of Wellington for the United Kingdom.

London’s National Portrait Gallery has until the end of March 2017 to secure the balance of the £1.3 million price tag attached to the portrait painted by Sir Thomas Lawrence. It is being offered for sale by a private collector who purchased it at auction in 2013Continue reading