Appeal to acquire ‘Armada Portrait’ of Elizabeth I | The Art Fund is leading a campaign to raise £10 million to acquire the famous ‘Armada Portrait’ for Royal Museums Greenwich after its owners – descendants of Sir Francis Drake – announced their intention to sell the work. According to The Art Newspaper, recent valuations suggest that the painting is worth around £16.3 million, but the family have agreed on a price of £10 million for a national museum. The Art Fund has pledged £1 million to the campaign, one of its largest fundraising drives to date, and Royal Museums Greenwich is contributing £400,000. The portrait is currently on display at the National Maritime Museum in Greenwich. It is hoped that the funds can be found before July… Read more
Image: The Armada Portrait of Elizabeth I (c.1590) English School.