Louvre secures Cranach
December 17 2010
Picture: Louvre
The Louvre has raised a million euros towards the EUR4M it needs to buy Cranach’s Three Graces. Amazingly, in these straitened times, the million boost came from 5,000 individual donors via the Louvre’s appeal website. "It's a magnificent Christmas present," the museum's director Loyrette said.
Looks like a bargain too. The picture was listed as a French National Treasure, meaning it could never be sold outside France. I fancy that if the picture was to appear in a Christie’s catalogue in London or New York, it would have a far higher estimate.
