Tue April 9, 2013
Britain Blocks Manuscript Sale To Getty Museum
Originally published on Tue April 9, 2013 8:14 am
DAVID GREENE, HOST:
And our last word in business today is: Money may not buy you everything.
The Getty Museum in Los Angeles reportedly paid more than $6 million recently at an auction in London for a 15th century illuminated manuscript. The prized item with gold script that makes it shiny is considered one of the finest examples of Flemish manuscript illumination. It tells the story of a nobleman who travels to Egypt on a pilgrimage and dies a hero. It is a landmark acquisition for the Getty, which is looking forward to showing it off to visitors. The problem: the Brits don't want to give it up now.
The Los Angeles Times reports that Britain's culture minister has blocked the work from leaving the country - putting it under an export embargo. The minister wants to raise money to keep the work in the U.K.
The Getty's director is dismissing the situation as normal procedure, and is looking forward to quote, "a positive outcome." Then again, last year, a British museum successfully raised $12.5 million dollars to keep a Manet painting in its halls.
That's the business news on MORNING EDITION from NPR News. I'm David Greene.
(SOUNDBITE OF MUSIC) Transcript provided by NPR, Copyright NPR.