What economic crisis? The National Gallery (London) managed –through fundraising- to attract $ 24 million from donors, which enabled it to buy Titian’s ‘Diana and Callisto’ from the Duke of Sutherland, who sold the work for $ 71 million. The deal has been hailed as an incredible effort to ‘save Titian masterpieces for the nation’, since ‘Diana and Callisto’ has never left the UK, and never should, being one of Tiaian’s most important works, a jewel of the Venetian School. The funny ‘touch’ is that the National Gallery did not stage a ‘public’ fundraising campaign so as not to offend anyone during “these tough economic times” as they put it.
For those studying ‘cultural management’, here is where the money came from (quoting the BBC):
“National Gallery trustees allocated £25m from “remaining reserves” – from legacies left to the gallery by members of the public (…). A further £3m ($4.8m) came from the Heritage Lottery Fund, £2m ($3.2m) came from the Art Fund and a further £15m ($23.9m) was from grants from individual donors and trusts.”
Finally, the painting is a 16th century masterpiece inspired by Ovid’s poetry. It is classified as a Renaissance piece, but I prefer to think of it as Venetian School without further classification, since I believe Renaissance came to an end with the death of Raphael (1520).