The Evening Standard’s Louise Jury reports on the profits the Tate is making from its loan of artworks to Oman. The sum hasn’t been reported by Jury puts the figure in the “several million pounds” range:

The precise sum has not been specified but will be gratefully received by the gallery. Like all the national museums, it is having to absorb a 15 per cent budget cut in the current spending round although it is earmarking this money for Tate Modern’s proposed £215 million extension.

The gift follows the loan of six key paintings from its collection by artists such as JMW Turner, Thomas Gainsborough, John Constable and George Stubbs to the Sayyid Faisal bin Ali Museum in the Oman capital, Muscat.

Tate Receives Millions from Oman for Loan (ThisIsLondon/EveningStandard)