Funding and Purchase
The purchase of the Amarna Princess for £439,767 in 2003 made "headlines around the world." The Bolton Museum considered its purchase a "coup," since the statue was purported to be worth closer to a £1 million. The explanation of its apparent cheapness was that the vendor wanted it to stay in Bolton.
After the forgery was exposed there was great interest in the exact source of the funding. It was composed of "£360,000 from the National Heritage Museum and Art Gallery, a further £75,000 from the National Art Collections Fund and £2,500 from the Friends of Bolton Museum and Art Gallery," plus a further £1,500 from the J. B. Gass Trust. Bolton Museum detailed the financing on their website, and gave reassurances that no council money was involved.
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Famous quotes containing the word purchase:
“Riches are valuable at all times, and to all men; because they always purchase pleasures, such as men are accustomed to, and desire: Nor can any thing restrain or regulate the love of money, but a sense of honour and virtue; which, if it be not nearly equal at all times, will naturally abound most in ages of knowledge and refinement.”
—David Hume (1711–1776)