Ronald Lauder funds purchase of da Rimini medieval panel for £5m and shares with National Gallery until his death when it returns to UK permanentlyA scarce medieval panel has been effectively gifted to the National Gallery in an strange deal that will see it shared,until his death, with the man stumping up nearly £5m ($7.8m) to buy it, or the US cosmetics heir and philanthropist Ronald S Lauder.
Giovanni da Rimini’s Scenes from the Lives of the Virgin and Other Saints had been in the collection of the Dukes of Northumberland,at Alnwick Castle, since 1853, and until it was sold at auction last summer.
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Source: theguardian.com