The Tate’s Record Year – $112 Million In Art Acquisitions

At a news conference held for the release of its annual report, Tate said it acquired 494 works, 320 of which were given or bequeathed by collectors and artists, making the year a record one for acquisitions. Tate now owns two more Francis Bacon pictures and a 1939 Stanley Spencer oil, “The Wool Shop,” as well as works by Lucian Freud and Balthus.