Art market

There’s more than a grain of truth in the popular caricature of a curator as a mother hen clucking frantically if anyone gets too near her nest – not that her eggs are about to hatch, let alone run. The recent threat of the British Council to ‘deaccession’ – to put it more bluntly, sell – its 9,000-strong collection of British art has caused a predictable flurry in the curatorial world. Doesn’t the British Council know that public art collections are sacrosanct and must be preserved for all time? When I was director of Glasgow’s museums and art galleries, I remember talking to my committee about my long-term plans for the city’s great permanent collection when the leader of the council, Pat Lally, commented drily that there was no such thing as ‘permanent’.

How much does a Michelangelo cost? It is, as they say, a good question, meaning: nobody really knows. The reason for this odd state of affairs is that almost none of them have ever been bought and sold on the open market, which is how the prices of most things are established. It’s hard to think of many examples of his sculptures being traded in that way over the past 500 years. Strangely, the main exception is the ‘Taddei Tondo’, otherwise known as ‘Virgin and Child with the Infant St John’, which, reportedly, some members of the Royal Academy are suggesting the RA should sell. If that were to happen, which I very much hope it does not, we might learn the answer to the conundrum. Probably it would be a very large sum indeed.