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Topic - Nicholas Penny
Two major British art galleries have raised 45 million pounds ($72 million) to buy a Renaissance masterpiece that has been in the U.K. for 200 years and keep it on public display _ a purchase announced Thursday as a substantial cultural victory in tough economic times.
"There are many loans we only seriously dreamt would come here," said National Gallery director Nicholas Penny. "Everything we dreamt of has come true."
National Gallery Director Nicholas Penny said the purchase had used up most of the gallery's 32 million pound reserve fund, accumulated from a century of bequests.