Ferens gallery acquires Lorenzetti panel
July 17 2013
Many congratulations to the Ferens Art Gallery in Hull, which has acquired the above panel by Pietro Lorenzetti for £1.6m. The picture had had an export licence deferred back in January, so it's good to see the system working, and especially for such an apparently un-glamorous object. Funding came from the gallery itself, the Art Fund, and the Heritage Lottery Fund. More details from Jonathan Jones in the Guardian here. Giant round of applause to all involved.
Update - the picture was originally sold for £5m, but tax breaks allowed the Ferens to buy it for just £1.6m. More details here.