Art Investment

Do not hold British Surbaranom?

British millionaire otozyvaet its buyout offer for the British nation, Francisco de Zurbaran paintings because of differences in terms of the transaction

Raffer Jonathan (Jonathan Ruffer), an investment manager with a multi-million dollar state, in March year promised to donate 15 million pounds to save the British nation for 12 paintings by Francisco de Zurbaran , decided to disavow his generous offer. The pictures are from 1756 at the Castle Auckland - the official residence of the bishops of Durham. In the autumn of 2010, the Church of England for the first time stated that he thought to sell huge (8 feet tall, nearly 2.5 meters) Zurbaran paintings because of the dire financial situation, but the rescue came Raffer.

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by Francisco de Zurbaran Paintings in Auckland Castle
Source: bbc.co . uk
The fund manager Jonathan Raffer, who promised to donate paintings of Zurbaran nation
Source: bbc.co.uk

However, the Now Mr. Raffer said that owning pictures of ecclesiastical commissioners England (Church Commissioners - Body, Head of the Church of England's assets) dictate their terms of the transaction. The future work of Zurbaran now uncertain. A companion plan to transform Auckland Castle as a tourist attraction in question.

Raffer said: "March 31, 2011 Church of England commissioners, and I announced that I bought for 15 million pounds of a series of 12 paintings by Francisco Zurbaran, located in 1756 in Auckland Castle, so they were placed into a new nonprofit foundation, the Foundation Zurbaran. This unconditional contract has been confirmed by the Property Committee of the Church Commissioners of England in March of this year.

Later I found that members of the Church Commissioners have added their own conditions concerning the sale of Zurbaran, and unrealistic conditions. I had no choice but to withdraw its proposal. This is very sad and confused me. The entire amount of 15 million pounds, which I gave a pledge, the Fund will be used by Zurbaran, who will continue his work on the needs of the population north-east England. I'll try to do everything I can to the picture remained in the castle of Auckland ».

representative of the Church Commissioners of England said:" The proposal of Mr. Raffer was extremely generous, aimed not only at ensuring the future of art in north-east, but also to protect the cultural heritage, regeneration and job creation. We remain committed to finding the best solution possible for Auckland Castle and his paintings, which will benefit the region, the city, its people and the Church ».

Durham Bishop Justin Welby (Justin Welby) urged both sides to look for a fresh look at the deal: "The disappointing news about the failure of previous agreements call into question the future of art at Auckland Castle. Must do everything possible to keep the picture there, and from the castle to make a regional cultural and tourist center. I turned to Mr. Raffer and the Church of England authorized to review possible solutions, considering how rich Christian heritage holds the north-east ».

Prepared by Mary Onuchina < /em> AI

Sources : bbc.co.uk , artinvestment.ru


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