Deal reached to buy major artwork from business magnate John Magnier

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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

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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