Saatchi Says He’ll Give Britain His Gallery and Over $37 Million in Art

Art collector Charles Saatchi has a gift for Britain. It includes Feng Zhengjie, Chinese Portrait P Series 2006 No. 02 - oil on canvas 300 x 400 cm.

LONDON.- Art collector Charles Saatchi has a gift for
Britain. It
includes Tracy Emin’s messy bed, Grayson Perry’s explicit pottery and a
room
full of engine oil. The advertising tycoon, whose patronage made
household names
of artists like Emin and Damien Hirst, announced Thursday he is donating
his
London gallery and 200 works in its collection to the nation as a new
public art
museum. The gallery said the works, valued at more than 25 million
pounds ($37
million), will be given to the government. The 70,000-square foot
(6,500-square
meter) Saatchi Gallery will be renamed the Museum of Contemporary Art,
London.

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