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Art dealer donates US$250m collection to Britain

Art dealer donates US$250m collection to Britain

An art dealer has donated his entire modern art collection, worth an estimated 125 million pounds (US$250 million), to Britain, London's Tate museum said Wednesday.
Anthony d'Offay had built up his 725-work collection, described by the museum as "one of the most important holdings of post-war and contemporary art in private hands," over 28 years, and will receive 26.5 million pounds - the amount he spent to build up the collection - for it.
The collection includes paintings, photographs, cartoons and sculptures produced by artists including Andy Warhol, Gilbert and George, Damien Hirst, Ron Mueck, Jeff Koons and Diane Arbus. He held 232 works by Warhol, and 69 black-and-white photographs by Arbus.
The collection is now valued at approximately 125 million pounds, according to the Tate, making the value of d'Offay's donation around 100 million pounds, after he is reimbursed for the costs of assembling the collection.


Updated : 2021-06-23 14:41 GMT+08:00