This acquisition - along with the purchase of its companion painting Diana and Actaeon in 2009 - ensures that these two superlative works by Titian will remain together on public display in either London or Edinburgh. This also means that the Bridgewater Collection - the greatest private collection of Old Master Paintings in the world – will remain intact on long-term loan at the NGS.

Both institutions were acutely aware of the challenges of launching a public campaign during such difficult economic times and therefore decided to approach individual donors and grant-making trusts in the first instance. Our initial discussions led to a number of significant pledges of support, with exceptional charitable grants being offered by the Heritage Lottery Fund (HLF), the Art Fund and The Monument Trust. We are immensely grateful to all the individuals and trusts whose generous charitable support has made this acquisition possible.   

Diana and Callisto and Diana and Actaeon have been in the UK for more than 200 years. They were both painted as part of a cycle of works for Philip II of Spain and they represent a highpoint in Italian Renaissance art. The paintings left Titian’s studio together and have only changed hands three times since then (from the Spanish Royal Collection to the Orléans collection, and then to the Bridgewater Collection at the end of the eighteenth century). The acquisition of Diana and Callisto means that the pair can remain together in Britain for the enjoyment of the public in perpetuity.

The two paintings were offered by the Duke of Sutherland, to NGS and National Gallery in London on very generous terms at prices significantly lower than their market value. Having raised £50million in 2009 to acquire Diana and Actaeon, the Galleries were given until December 2012 to find a similar amount for Diana and Callisto. To meet this, the Trustees of the National Gallery in London made the unprecedented decision to allocate a significant proportion of their remaining reserves to this acquisition. This sum of £25m principally represents bequests left by members of the public over many years and held by the Gallery for future picture purchases. 

To assist the Galleries in meeting the funding target, the Duke of Sutherland and his family have agreed to a further reduction of the asking price to £45m. By agreement with all parties a new, earlier deadline was established of the end of March 2012. The generous reduction in price, together with the commitment of the National Gallery in London’s reserves, gave both Galleries a strong basis from which to fundraise.

As a result of the joint acquisition, Diana and Callisto will be shared by both institutions and displayed together with Diana and Actaeon on a 60:40 rotating basis in London and Edinburgh, meaning that the public will have access to both works together. This allocation reflects the fact that a larger proportion of the funding for Diana and Callisto has come from the National Gallery in London.

Diana and Callisto will be on display from today in London for 18 months (to be joined by Diana and Actaeon on its return from a regional tour in July), and then on display in Scotland for 12 months. Following this, both paintings will be shown together in London for three years and in Scotland for two years. They will then settle into a display cycle of six years in London and four years in Scotland.

This acquisition and the continuation of the Bridgewater Loan, which includes masterpieces by artists such as Raphael, Titian, Rembrandt and Poussin, ensure that the NGS retains its status as one of Europe’s great destinations for any lover of Western European art. The Titian pictures have been on continuous public view in the Scottish National Gallery since they were placed there on loan in 1945 by the then 5th Earl of Ellesmere (later 6th Duke of Sutherland). The addition of these masterpieces to the collection in Trafalgar Square, which is already rich in works by Titian for all periods of his activity, establishes the National Gallery as a world centre for the study of Venetian Renaissance painting.

John Leighton, Director-General of the National Galleries of Scotland, said: “It has long been an absolute priority for the National Galleries of Scotland to retain the world-famous Bridgewater loan in this country and to keep these superlative masterpieces on view for the enjoyment and inspiration of our visitors. We are delighted that the purchase of Callisto will now keep that loan intact and allows the public to continue to enjoy some of the greatest achievements of Western European art. We are hugely grateful to the HLF, the Art Fund and to all the trusts and individuals who have helped to make this possible.”

Dr Nicholas Penny, Director of the National Gallery, London said: “For more than a hundred years these two great paintings by Titian have been regarded as pre-eminent among the masterpieces in private hands in the UK. We have been able to secure both of them for the public, in a period of economic hardship, because of the esteem and affection that both institutions have enjoyed for many decades. It is a triumph for us, but also for our predecessors, made possible by today's supporters, but also by benefactors who have long departed.”

The Duke of Sutherland said: “I am delighted that these two great masterpieces by Titian will remain together as they have been since they were painted in 1556-59 and on view for the public in Britain. I congratulate the two Galleries on their success in securing these works and I would like to express my gratitude for their helpful and supportive approach. I look forward to many more years’ association between my family and the National Galleries of Scotland through the continuing loan of the Bridgewater Collection."

Dame Jenny Abramsky, Chair of the Heritage Lottery Fund, said: "Diana and Callisto is an extraordinary painting and we are delighted to be helping secure it for the nation. Along with its pendant, Diana and Actaeon, it will provide opportunities for inspiration, study and learning. The icing on the cake is the continuation of the long-term loan of the Bridgewater Collection to the National Galleries of Scotland, enabling as many visitors as possible to enjoy it.”

Stephen Deuchar, Director of the Art Fund, said: “The Art Fund is pleased to have played a role in ensuring that this masterpiece can continue to be on public display for future generations to enjoy. The two paintings by Titian are amongst the very finest productions of one of the greatest painters, and have influenced generations of artists over the years. By ensuring the two works remain together we greatly augment our understanding of their significance. We look forward to working with the National Galleries in Scotland and London on a major public programme which will foster widening appreciation of Titian’s incomparable achievement as an artist”.

Secretary of State for Culture, Olympics, Media and Sport Jeremy Hunt, said: “This is great news. It shows what can be achieved when determination, goodwill and a tremendous amount of generosity come together. I am very pleased that we have been able to play our part by freeing up the National Gallery’s reserves, diverting more money to arts and heritage from the National Lottery and taking practical steps to encourage greater philanthropy. Diana and Callisto is a breathtakingly beautiful work of art and I am immensely grateful to everyone who has helped to keep it and its companion painting Diana and Actaeon in the UK in perpetuity.”

Cabinet Secretary for Culture and External Affairs Fiona Hyslop said: “Securing the long term loan of the Bridgewater Collection is fantastic news – it is great for Scotland, our cultural collections and our economy.  The arrangements announced today will see both Titian paintings in Scotland for the Commonwealth Games and Year of Homecoming 2014, enticing people from both home and abroad to visit our national galleries and Scotland.”

Breakdown of funding, Diana and Callisto

• £5million reduction in the asking price by the Duke of Sutherland
• £3million from the Heritage Lottery Fund 
• £2million from the Art Fund (with an additional £75,000 for a digital public engagement programme)
• £15million donations and grants from individual donors and trusts including The Monument Trust, The Rothschild Foundation, Chris Rokos, Sir Siegmund Warburg’s Voluntary Settlement, the J. Paul Getty Jnr Charitable Trust, James and Clare Kirkman, Sarah and David Kowitz, Patrons of the National Galleries of Scotland, and others who prefer to remain anonymous
• £25million from the National Gallery charitable reserves, principally from legacies left by the public to the NGL over many years

The Art Fund is further supporting both Galleries in the development and implementation of an innovative digital public engagement programme which will provide a wealth of contextual information enabling greater appreciation and understanding of Titian and his paintings. 

Notes to editors

Breakdown of funding, Diana and Actaeon 

• £7.4million in donations and pledges from individuals trusts and the general public, of which £150,000 was donated via the Art Fund. (The amount raised from the general public in response to leaflets, direct mail, collection boxes and sales of badges was £400,000)
• £2million from The Monument Trust
• £1million from the Art Fund 
• £10million from National Heritage Memorial Fund 
• £17.1million Scottish Government and NGS purchase funds
• £12.5million from the National Gallery, comprising £11.5 from bequests, general donations and investment income from these sources and £1million Grant-in-Aid

About the Art Fund
The Art Fund is the national fundraising charity for art, helping UK museums and galleries to buy, show and share art. Over the past five years, the Art Fund has given £24million in grants for purchases and also supported a range of projects and programmes aimed at helping more people enjoy art. It is independently funded by 90,000 supporters who purchase a National Art Pass, costing from £50 which gives free entry to over 200 museums, galleries and historic houses across the country as well as 50% off major exhibitions. Find out more about the Art Fund and how to buy a National Art Pass online. Media contact 020 7225 4888, media@artfund.org.

DCMS
Since May 2012, the UK Government has introduced a range of measures to incentivise giving to culture, from the establishment of the new Cultural Gifts Scheme to a boost for legacy giving through measures to reduce inheritance tax liability, and simplification of Gift Aid. Together with the £100million Catalyst programme to support endowments, facilitating access to accumulated reserves and other measures set out in the Giving White Paper, DCMS hopes to underpin the ability of museums and galleries to continue to enhance their collections through the acquisition of great works of art.

Further information

For the National Gallery, London
Tracy Jones /Razeetha Ram - Head of Press
Phone: 020 7747 2839 / 2519
General Press Office number: 020 7747 2865
Email: tracy.jones@ng-london.org.uk/ razeetha.ram@ng-london.org.uk 

For the National Galleries of Scotland
Patricia Convery – Head of Press
Phone: 0131 624 6325
Email: pconvery@nationalgalleries.org 

For HLF
Katie Owen or Lydia Davies - HLF Press Office
Phone: 020 7591 6036 / 6032. Out of hours mobile: 07973 613 820
 
For the Art Fund
Nadine Thompson - Acting Head of Communications
Phone: 020 7225 4820 / 07545 352 726
Email: nthompson@artfund.org