The Beaverbrook Art Gallery and The Beaverbrook Canadian Foundation have agreed to a settlement ...
Beaverbrook Art GalleryFebruary 28, 20140 Comments
February 28, 2014
The Beaverbrook Art Gallery and The Beaverbrook Canadian Foundation have agreed to a settlement of their dispute over seventy-eight works of art which the First Lord Beaverbrook and Lady Beaverbrook delivered to the Gallery in the 1950’s and 1960’s.
Under the terms of the settlement, the Gallery has released its claims to forty- three works of art and the Foundation has released its claims to thirty-five works of art. However, the Beaverbrook Canadian Foundation has agreed to a long term loan of their works to the Gallery. This will allow the Gallery to continue to exhibit, research and promote these works as part of the Beaverbrook collection.
At the same time, Max Aitken, the current chair of the Beaverbrook Canadian Foundation has agreed to join the board of the Beaverbrook Art Gallery.
Allison McCain, chair of the Beaverbrook Art Gallery commented: “The Gallery is very pleased that this dispute has finally been resolved. The Gallery board had a fiduciary obligation to determine its right with respect to the works in dispute. Likewise, the Foundation board had a similar responsibility. Both parties can now be satisfied that they have fulfilled their obligations with this agreement. The Gallery can now continue to display its wonderful collection to the benefit of art lovers everywhere as part of the Beaverbrook legacy.”
Max Aitken, chair of the Beaverbrook Canadian Foundation, also stated his pleasure at getting the issues resolved and his delight at joining the board of the Beaverbrook Art Gallery which was built and endowed by his great Grandfather. Mr. Aitken commented: “The legal dispute is now at an end and we wish the Gallery success in the future and hope that the paintings in the Gallery will continue to be made available to as wide a public as possible”.
“Most importantly,” said Mr. McCain, “by keeping the collection intact and, with Max Aitken joining the board, both parties are committed to working together Enriching Life through Art, thanks to the generous legacy of Lord Beaverbrook.”