LONDON, ENGLAND.- The Tate is unlikely to use the £14.6m profit it made from the recovery of its two stolen JMW Turner masterpieces to save Sir Joshua Reynolds’ outstanding Portrait of Omai for the nation, reported The Guardian. Stephen Deuchar, director of Tate Britain, said: "It’s probably Reynolds’ masterpiece, an 18th century icon."
Tate director, Sir Nicholas Serota, said: "The trustees will consult with the charities commission and think how we can use the money to strengthen and care for the collection as a whole. It would be surprising if they thought the best possible use of that money would be to buy a single picture."