Tuesday, July 22, 2025
  • Login
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

Sharp drop in value of works saved for the UK this past year, official report reveals – The Art Newspaper

by SB Crypto Guru News
July 22, 2025
in NFT
Reading Time: 4 mins read
0 0
A A
0


The latest UK annual report on the export of major works of art reveals that it has been a particularly difficult year for saving expensive items. In 2024-25 only 1% (by value) of artworks with deferred export licences were acquired by UK museums, compared with 44% the year before and 24% in 2022-23.

Among the most important of the six items saved this year were the Second World War notebooks of the computer-science pioneer Alan Turing. Valued at £398,000, they were acquired by King’s College, Cambridge. Apart from a copy of Henry Dresser’s 17-volume illustrated A History of the Birds of Europe (1871-96, £127,000) which went to the University of Manchester, the other items were each valued at £20,000 or less. 

An image from H. E. Dresser’s A history of the birds of Europe (1871-96) which was sold to the University of Manchester for £127,000 © Manchester Museum

Altogether the saved items were worth £586,000, according to the latest annual report of the Reviewing Committee on the Export of Works of Art and Objects of Cultural Interest. This official committee is administered by Arts Council England.

The most expensive items for which no UK museum made an offer to buy—and so export licences were issued—were a Louis XIV table top attributed to Bernard Perrot (1668-81, £7.5m), Antoine Watteau’s painting La Rêve de l’Artiste (around 1710, £6m) and the Fairhaven Panels by De Vély (1685-1702, £1.6m).

It is significant that three of the items for which a decision was deferred—and then a license granted—relate to slavery. A marching banner commemorating the Slavery Abolition Act of 1833, valued at £45,000, was exported to the US because no offer was made by a UK museum.

A pair of paintings by Agostino Brunias depicting “Black Caribs” or “Charaibes”—terms used in the 18th century to describe inhabitants of the island of Saint Vincent— together valued at £420,000, went to the Netherlands.

Notably, of the 15 items deferred, 13 had been bought (subject to export licences) by US buyers, a sign of the country’s importance for such items for the UK art market. Two were destined for the Netherlands, and one each for France, Latvia and Hong Kong. The total value of the lost works was £17m.

There are three outstanding cases, where museums are still able to make offers (these were valued at a total of £22.4m). Two are for expensive paintings, which are likely to end up abroad: Sandro Botticelli’s The Virgin Child enthroned (early 1470s, £10.8m) and Peter Paul Rubens’ Cimon falling in love with Efigenia (1616-17, £8.4m). 

The key work still under deferral is Barbara Hepworth’s Sculpture with Colour (1943, £3.7m). A vigorous fundraising campaign is now under way for it to go to The Hepworth, Wakefield, with Art Fund support. So far all but £600,000 has been raised. The export licence deferral deadline is 27 August.



Source link

Tags: ArtBitcoin NewsCrypto NewsCrypto UpdatesDropLatest News on CryptoNewspaperOfficialReportRevealsSavedSB Crypto Guru NewsSharpworksyear
Previous Post

Ark Invest pivots to BitMine amid rising Ethereum treasury

Next Post

Bitcoin Price Watch: Short-Term Rally Holds Above $119K With Bullish Momentum

Related Posts

Her High School Side Hustle Is On Track for 7-Figure Revenue

Her High School Side Hustle Is On Track for 7-Figure Revenue

by SB Crypto Guru News
July 21, 2025
0

This Side Hustle Spotlight Q&A features Leila Quraishi, 27, of Los Angeles, California. Quraishi's sock business Nudesox is targeting seven-figure...

Billionaire In-N-Out Burger Heiress Moves Out of California

Billionaire In-N-Out Burger Heiress Moves Out of California

by SB Crypto Guru News
July 21, 2025
0

In-N-Out Burger's president and owner is moving her family out of the state where the burger chain began.Lynsi Snyder, 43,...

San Francisco’s Vaillancourt Fountain may soon meet its end, despite public outcry – The Art Newspaper

San Francisco’s Vaillancourt Fountain may soon meet its end, despite public outcry – The Art Newspaper

by SB Crypto Guru News
July 21, 2025
0

Despite considerable public support for its preservation, San Francisco’s 1971 Vaillancourt Fountain is not being included in plans for a...

US states step up to fund the arts in the wake of federal cuts – The Art Newspaper

US states step up to fund the arts in the wake of federal cuts – The Art Newspaper

by SB Crypto Guru News
July 21, 2025
0

At a time when calls from the Trump administration to defund the National Endowments for the Arts (NEA) and Humanities...

Bill Viola’s complete moving-image works and a William Dobson self-portrait: the latest museum acquisitions – The Art Newspaper

Bill Viola’s complete moving-image works and a William Dobson self-portrait: the latest museum acquisitions – The Art Newspaper

by SB Crypto Guru News
July 21, 2025
0

William Dobson’s Self-Portrait (around 1635-40)Tate and National Portrait Gallery, LondonDescribed by one 17th-century biographer as “the most excellent painter that...

Load More
Next Post
Bitcoin Price Watch: Short-Term Rally Holds Above 9K With Bullish Momentum

Bitcoin Price Watch: Short-Term Rally Holds Above $119K With Bullish Momentum

0 Target For Solana? Analyst Says The Math Checks Out

$830 Target For Solana? Analyst Says The Math Checks Out

Facebook Twitter LinkedIn Tumblr RSS

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.