Art Investment

The British government banned the export from the country is bought for 29 million pounds picture of Raphael

According to Bloomberg, the British government imposed a temporary ban on the export of the figure of Raphael, which brought a record 29, 2 million pounds (47.6 million dollars) to the December auction of old masters Christie's . Culture Minister Margaret Hodge (Margaret Hodge) has adopted a decision on the recommendation of the Oversight Committee for the export of works of art and objects of cultural significance. The Committee, which is operated by the British Council, museums, libraries and archives, decided that the picture of Raphael is extremely important for those who have been studying the artist's work, and must make "every effort" to keep him in the country.

The artist's work called "The head of the Muses" and is a sketch for the Vatican fresco "Parnassus" (1510-1511). Its former owners - the heirs of the British collector Norman Colville (Norman Colville). Buyer figure (estimate which amounted to 12-16 million pounds), according to dealers, was an American collector Leon Black (Leon Black), founder of investment firm Apollo Global Management LLC and Trustee of the New York Metropolitan Museum of Art.

license to export the product can now be issued no earlier than 25 May of this year. If an English buyer expresses a desire to buy pattern for a suggested price of 29,2 million pounds, this period may be extended until 25 November.

«Head Muses" is the most expensive piece of Rafael , the most expensive in the history of work on paper and the most expensive work of art sold at auction in 2009.

Source: bloomberg.com , artinvestment.ru


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