Appeal to raise £10m for Armada Portrait of Elizabeth I

THE ART NEWSPAPER | Martin Bailey:

A public appeal has been launched to raise £10m to save the Armada Portrait of Elizabeth I for Royal Museums Greenwich. The painting is being sold by the descendants of Sir Francis Drake, who have owned it since at least 1775. It may even have been commissioned by the sea captain in around 1590. The Armada Portrait was conditionally exempt from inheritance tax, and four recent valuations suggest that it would fetch around £16.25m on the open market… Read more

Image: The Armada Portrait of Elizabeth I (around 1590)

2018-10-23T18:21:35+00:00