Art Market Monitor

Global Coverage ~ Unique Analysis

  • Contact Us
  • Podcast
  • Newsletter
  • AMM Fantasy Collecting Game
  • AMMpro

Ashmolean Buys Manet for £7.83m

August 8, 2012 by Marion Maneker

The Ashmolean announces its acquisition of an endangered Manet:

Following an 8 month campaign and with donations from hundreds of members of the public, the Ashmolean Museum has succeeded in raising £7.83 million to acquire Edouard Manet’s Portrait of Mademoiselle Claus and keep it in the United Kingdom. The painting was purchased by a foreign buyer in 2011 for £28.35 million. Following advice from the Reviewing Committee on the Export of Works of Art, the picture was judged to be of outstanding cultural importance and was placed under a temporary export bar until 7 August 2012 by Culture Minister Ed Vaizey.  Under the terms of a private treaty sale, the painting was made available to a British public institution for 27% of its market value, and it was purchased through the London Fine Art agent, Robert Holden Ltd.  It is the most significant acquisition in the Ashmolean’s history.

The campaign has received lead support of £5.9 million from the Heritage Lottery Fund (HLF), and a grant of £850,000 from The Art Fund.  The final £1,080,000 was contributed via grants and donations from trusts, foundations and private individuals.

As well as to those who wish to remain anonymous, the Ashmolean Museum is extremely grateful to the Friends of the Ashmolean Museum; the Patrons of the Ashmolean Museum; the University of Oxford; Manny & Brigitta Davidson and family; Mr and Mrs Geoffrey de Jager; Sir Harry and Lady Djanogly;  Mr Philip Mould; The Rothschild Foundation; The Dr Mortimer & Theresa Sackler Foundation; Mr and Mrs Timothy Sanderson; The Staples Trust ; Sir Adrian Swire; Mr and Mrs Bernard Taylor; Barrie and Deedee Wigmore; Mr and Mrs Brian Wilson; The JL Wine Charitable Trust and The Woodward Charitable Trust.

The Ashmolean also wishes to thank each of the 1,048 people who made a gift in response to our public appeal. The public appeal attracted gifts from across the globe, with donations ranging from £1.50 to £10,000.

More from Art Market Monitor

  • Poussin Without the PremiumPoussin Without the Premium
  • Bright Spots in India’s Emerging Museum LandscapeBright Spots in India’s Emerging Museum Landscape
  • Polarizing BarnesPolarizing Barnes
  • World's Heritage at Stake in North African RevoltsWorld's Heritage at Stake in North African Revolts
  • Defending the Global Antiquities TradeDefending the Global Antiquities Trade
  • Acropolis Museum Receives More Artifacts from AbroadAcropolis Museum Receives More Artifacts from Abroad
  • Print
  • Tweet

Filed Under: Museums

Advertise on Art Market Monitor with Nectar Ads

Top Posts

  • Why I Am Leaving Gagosian
  • The New York Times Still Doesn't Get Art & Money Laundering
  • Norman Rockwell's Not Gay. But Is He a Great Artist?
  • Bonhams Brings Second Generation of Modern Vietnamese Art in Hong Kong
  • David Hockney's $20m Pacific Coast Highway & Santa Monica
  • Newsletter
  • Sotheby's Brings $30m Pollock to New York
  • Four of Picasso's Women Valued at $28m Come to Christie's from Rose-Walters Collection
  • Christie's Announces $70m Picasso Self Portrait
  • How Park West Sold $93m in Peter Max Paintings


  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • Art Loans
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
Advertise on Art Market Monitor