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Museums and Galleries

Again, my point relates to huge inflation in the art market. An arrangement might be made with someone in, say, 1920, when there was very little inflation in price over 10, 15 or 20 years. However, I do not think that an owner would be very happy if an arrangement was made to pay £10 million for art that was worth£150 million 20 years later. As I have said, however, we will carefully consider all the ideas that have been expressed today. It has been a fascinating debate. Many valuable points have been made, and they will be considered, as I have said. I stress again that I have been involved in many aspects of the arts over the years, and the ones that have really worked are where a pressure group or a lobby speaks with one voice. The problem is analysed, and a straightforward solution is proposed that can then be considered.