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Deal reached to buy major artwork from business magnate John Magnier

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Portrait of Omai had been locked in a stand-off between Magnier and the British art establishment since he bought it in 2001

A deal has been reached between Britain’s National Portrait Gallery and the John Paul Getty Museum in Los Angeles to buy a major artwork from John Magnier, the Irish billionaire, for £50 million.

The two museums have announced plans to jointly acquire and share ownership of Portrait of Omai, a Joshua Reynolds painting from 1776. The piece of art has been locked in a stand-off between Magnier and the British art establishment since he bought ...

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Deal reached to buy major artwork from business magnate John MagnierA deal has been reached between Britain’s National Portrait Gallery and the John Paul Getty Museum in Los Angeles to buy a major artwork from John Magnier, the Irish billionaire, for £50 million
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