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Titian painting announcement due Funds secured for Titian painting
(about 7 hours later)
An announcement is expected later about a campaign to buy a 16th Century painting by Titian for the nation. Campaigners have secured the £50m they need to buy a 16th Century painting by Titian for the nation.
The painting - Diana and Actaeon - was offered for sale by its owner the Duke of Sutherland last summer for £50m. The painting - Diana and Actaeon - was offered for sale by its owner, the Duke of Sutherland, last summer.
The National Galleries of Scotland and London's National Gallery were jointly trying to raise the money.
The Scottish Government has pledged £12.5m, £7.4m has come from public donations and £12.5m has come from National Galleries in London.
The rest of the money has come from the National Heritage Memorial Fund, which has given £10m; the Monument Trust has pledged £2m; £4.6m has come from the National Galleries of Scotland and £1m was secured from the Art Fund.
The deadline for the sale was 31 December but that was extended to allow funds to be raised.The deadline for the sale was 31 December but that was extended to allow funds to be raised.
The National Galleries of Scotland and London's National Gallery were jointly trying to raise the money. Only £11m has been formally announced so far. Economic downturn
That comprised £10m from the National Heritage Memorial Fund and another £1m from the Art Fund. A political row broke out in January after reports that the Scottish Government was contributing £17.5m towards acquiring the work of art.
But the Scottish and UK governments have always promised their support and it is believed public and private donations have also been high.
It is difficult to argue that this is part of Britain's cultural heritage when it's a picture by a long dead Venetian Ian Davidson MP A political row broke out in January after reports that the Scottish Government was contributing £17.5m towards acquiring the work of art.
Glasgow South West MP Ian Davidson questioned the logic of spending such large sums during an economic downturn.Glasgow South West MP Ian Davidson questioned the logic of spending such large sums during an economic downturn.
Mr Davidson said: "It is difficult to argue that this is part of Britain's cultural heritage when it's a picture by a long dead Venetian - it's not as if it's Jock McTitian." Plans are now afoot for the painting to alternate between the galleries in London and Edinburgh.
If successful, the painting would alternate between the galleries in London and Edinburgh. The painting has been on public display at the National Galleries of Scotland in Edinburgh and London for more than 200 years.
The 16th Century painting has been on public display at the National Galleries of Scotland in Edinburgh and London for more than 200 years.
Its owner, the Duke Of Sutherland, decided in the summer to sell it.Its owner, the Duke Of Sutherland, decided in the summer to sell it.
If the galleries raise the funds to buy Diana and Actaeon, then a second Titian painting - Diana and Callisto - will be offered for sale in four years. Now the galleries have secured funds to buy Diana and Actaeon, a second Titian painting - Diana and Callisto - will be offered for sale in four years.
If they fail to raise the required £50m then Diana and Actaeon could be sold to a private buyer.
The two Titians were created as part of a cycle of works for King Philip II of Spain from 1556 to 1559 and form part of the Bridgewater collection, which has been on loan to the National Galleries of Scotland since 1945.The two Titians were created as part of a cycle of works for King Philip II of Spain from 1556 to 1559 and form part of the Bridgewater collection, which has been on loan to the National Galleries of Scotland since 1945.
The collection also includes three paintings by Raphael, a Rembrandt, a Van Dyck, and a Tintoretto.The collection also includes three paintings by Raphael, a Rembrandt, a Van Dyck, and a Tintoretto.