That is according to new tender documentation by Dublin City Council which is seeking tenders from operators to provide 'Fine Art' insurance for the artworks at the Hugh Lane gallery.
The tender states that the collection also includes the Francis Bacon Studio and archive; certain works stored in Hugh Lane Gallery’s approved off-site fine art storage facilities; loans to various other Dublin City Council sites; long terms loans to the gallery valued at €12m; loans to other approved venues and allows for future acquisitions up to combined value of €5m.
The Sir Hugh Lane Bequest 1917 is subject to a partnership agreement with the National Gallery in London and allows the public in both Ireland and the UK to continue enjoy the works. Art dealer, collector and gallery director, the Co Cork born Sir Hugh Lane was aged only 39 when he died on board HMS Lusitania which sunk off the County Cork coastwith the loss of 1,198 lives after being torpedoed by a German u-boat in 1915 during World War 1.