by lucyinglis » Thu Oct 22, 2009 10:02 am
The flag has been purchased by someone who is both passionate and knowledgeable about this aspect of British history. He will make sure the flag is properly conserved and is expected to make arrangements to have it exhibited in the UK, according to this article.
For the DCMS to bandy around talk of an export ban is pathetic. Important objects leave the UK every day, and to kick up a fuss about this one just because it made a lot of money, makes them look even more ridiculous. Should it come down to it, it will be very interesting to see who, exactly makes up the 'independent panel' (insert rude words at will).
There is a deeply ingrained sense of entitlement in many British museums, but as the representative of the Maritime Museum admitted, they were nowhere near the price. They were probably hoping it would go for a nice mid-estimate twelve thousand and had to have fifty five meetings to decide on who was going to bid. Museums are usually so far behind the market value on this type of object it's a bit sad. They like it best when things are given to them, so they can display them for six months and then put them back into storage.
Which brings me to my final point: Charles Miller was wrong to the tune of 305,000 GBP on the day of the sale. He estimated the flag as a piece of high end memorabilia, not an artefact of national importance. However, his commission amounts to 64,000 GBP (including the VAT). However, I'm sure Millers will be shouting happily from the rooftops about how the flag made twenty times the estimate, rather than the fact they got it WRONG x 20.
There are two people who know the value of this flag, the winner, and the underbidder. People who have half a million dollars to spend on a flag are rarely dunces, and I am sure the flag will find its way into the public eye in the UK. If not, the new owner will no doubt enjoy looking at it, and US tax laws mean that he will most likely to gift it to a museum before he dies anyway, along with the rest of his Nelson collection. Sooner or later, the flag will be on public view, which is better than it being kept in a drawer for another 200 years.