Saatchi donates 200 artworks, gallery to UK
"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.Read the whole story here.
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."