Christmas comes early: London’s National Gallery raises enough money to buy Gentileschi masterpiece

Children visiting the National Gallery say thank you to the public in front of the The Finding of Moses Photo: © The National Gallery, London

One of the first items on the agenda of Nicky Morgan, who to everyones surprise has just been reappointed the UKs culture secretary, was to express delight over the National Gallerys latest acquisition. This morning the gallery announced that it had successfully raised £19.5m to buy Orazio Gentileschis The Finding of Moses (early 1630s). “I congratulate the National Gallery and everyone who has helped make this happen”, Morgan said.

The painting is being sold by Graham Kirkham, who made his money from a chain of sofa shops, with the deal arranged by Sothebys and Pyms Gallery. The Gentileschi is valued at £22m, but tax advantages reduced the sum that the National Gallery needed to raise.

The largest funder was the American Friends of the National Gallery, which provided £8.5m (their total assets last year were an astonishing $225m). The National Gallery Trust, funded from catering and retail sales, provided £5m, with a further £500,000 coming from legacies.

The National Heritage Memorial Fund (NHMF), with government money, provided £2.5m, representing half its allocation for the year. The Art Fund gave £1m, its largest grant since 2016. The final £2m, which has just been raised, came from private individuals and trusts.

Although major acquisitions with NHMF and Art Fund assistance are often toured to regional museums, the sheer size of the Gentileschi (3m wide) would mRead More – Source