The fundraising campaign to save Turner’s “The Blue Rigi” for the Tate Gallery, London, has reached its goal three weeks ahead of its deadline. Some £4.95 million had to be found by Mar. 20 to prevent its export to the private collector who was its winning bidder at auction last June.
Some £3.05 milllion came from a variety of sources: the museum (£2 million); The Art Fund, an independent British charity (£500,000); and a public fundraising campaign (£552,000) that included a “Buy a Brushstroke” gimmick (accounting for £73,281 of the £552,000 total public contribution). The National Heritage Memorial Fund, the government’s fund of last resort, had agreed to kick in up to £1.95 million, but will get away with a smaller contribution, thanks to the campaign’s success.
The public fundraising appeal continues to Mar. 5, to reduce the size of NHMF’s contribution.
And they didn’t even have to sell a painting or go into debt.