US EditionBayeux Tapestry: Priceless artefact to be insured for £800m
The UK Treasury will cover the Bayeux Tapestry for £800 million under the Government Indemnity Scheme during its loan to the British Museum amid French museum renovations.
- Next year, the UK Treasury will insure the Bayeux Tapestry for 800m while it is on loan to the British Museum, with a provisional valuation approved.
- Because the Bayeux Museum in Normandy is closing for renovation, the 70m Bayeux Tapestry will be loaned to the British Museum next year under the Government Indemnity Scheme, which saves museums around £81m annually.
- Comprising 58 scenes, 626 characters and 202 horses, the nearly 1,000-year-old Bayeux Tapestry will be transported using a special crate and facsimile test run, with display behind a protective screen or bespoke glass case.
- The loan will not be formally confirmed until the final valuation, estimated at £800m, is completed; if confirmed, the GIS will cover transit, storage, and display, indirectly backed by the British taxpayer.
- George Osborne called the exhibition `the blockbuster show of our generation`, and the deal includes reciprocal loans such as the Sutton Hoo artefacts and the Lewis chessmen.
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UK to host historic Bayeux Tapestry with record insurance cover
The Bayeux Tapestry is to be insured for an estimated £800 million by the UK Treasury in preparation for its exhibition at the British Museum, officials have confirmed. The nearly 1,000-year-old embroidered cloth will be covered under the taxpayer-backed Government Indemnity Scheme against damage or loss during its transport from France and while on display in London. The provisional valuation has… Source
The Financial Times reveals that the British government has decided to secure this 11th century treasure to the tune of £800 million. A security that does not calm the opponents of this transfer considered far too risky for embroidery.
UK Treasury to cover Bayeux Tapestry for estimated €917 million
France is preparing to transport the historic Bayeux Tapestry to England this coming summer. But concerns remain about whether the transfer of this valuable artifact will be secure enough, especially in the wake of the infamous Louvre heist. The Bayeux Tapestry is set to be covered by a UK Treasury indemnity of about 800 million pounds (€917 million) during its loan to the British Museum in 2026, the Financial Times report.
The famous Bayeux Tapestry will be insured for 800 million pounds, equivalent to 6.9 billion kroner, when it is loaned to the United Kingdom in 2026. This is reported by the British media The Guardian. It is before...
Daily Post
Bayeux Tapestry to be insured by UK Treasury for £800m
The 70-metre relic will be loaned to the British Museum next year
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