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sir joshua reynolds portrait inheritance tax 602312

The Tate in London has acquired a full-length portrait by Joshua Reynolds of the 5th Earl of Carlisle (1748–1825) through the UK's Acceptance in Lieu scheme, which allows art to be transferred to the nation in place of inheritance tax. The painting, valued at $6.1 million (£4.7 million), was painted in 1769 and had hung at Castle Howard in North Yorkshire for over 200 years. It will remain on public display there but will also travel to other venues including Tate Britain.

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Acquisitions round-up: an ‘exceptionally rare’ portrait of an enslaved person and two large-scale donations

The article reports on three major acquisitions and donations in the art world. The Mississippi Museum of Art and Crystal Bridges Museum of American Art jointly acquired an 'exceptionally rare' portrait of Frederick, an enslaved person in pre-emancipation Mississippi, painted around 1840 by C.R. Parker. The portrait sold for $508,750 at Neal Auction Company. Separately, entrepreneur and collector Hermann Gerlinger donated 42 works by the German Expressionist group Die Brücke to Kunstsammlungen Chemnitz, including a marriage portrait by Karl Schmidt-Rottluff. Additionally, the family of late Korean artist Suki Seokyeong Kang donated around 400 of her works to Ewha Womans University in Seoul, where she studied and taught.

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