The National Portrait Gallery and the J. Paul Getty Museum have confirmed their plans to jointly acquire and share ownership of “Portrait of Omai”
For more than 200 years after Reynolds’s death, ”Portrait of Omai” was owned by the Howard family and hung at Castle Howard in Yorkshire. But in 2001 the painting was sold to John Magnier, an Irish magnate, sparking a protracted stand-off. Mr Magnier wants to take the painting out of the country for good. The government believes it is of historic importance to Britain and has repeatedly denied him permission to do so.
Britain operates a hybrid system that balances the aims of keeping hold of important pieces and protecting the rights of their owners. Every year about 30,000 items are sold to buyers who want to take them abroad. Britain has no inventory of national treasures, nor does it use pre-emption rights. Instead, all works that are over 50 years old or are worth more than £65,000 need an export licence. Most are waved through.
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