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

Record number of donors save iconic portrait of Queen Elizabeth I

A “triumph of popular will” has resulted in an iconic portrait of Queen Elizabeth I being saved for the nation after one of the most successful fundraising campaigns for a work of art.

A nationwide appeal to secure the £10.3 million necessary to purchase the artwork from the descendants of Sir Francis Drake was launched by the Art Fund in conjunction with Royal Museums Greenwich on 23 May this year. Continue reading