The Bayeux tapestry shall be insured for an estimated £800m when it returns to the UK in 2026 for the primary time in additional than 900 years.
The Treasury will insure the 70-metre embroidered fabric, which depicts the 1066 Norman invasion and Battle of Hastings, for injury or loss throughout its switch from France and whereas it’s on show on the British Museum from September.
It would again the quilt below the Authorities Indemnity Scheme, an alternative choice to industrial insurance coverage that permits artwork and cultural objects to be proven within the UK.
The Monetary Instances reported the Treasury had provisionally authorised an estimated valuation for the tapestry with the ultimate valuation anticipated to be about £800m.
An HM Treasury spokesperson mentioned: “The Authorities Indemnity Scheme is a longstanding scheme that permits museums and galleries to borrow excessive worth works for main exhibitions, rising customer numbers and offering public advantages.
“With out this cowl, public museums and galleries would face a considerable industrial insurance coverage premium, which might be considerably much less value efficient.”
The scheme is estimated to have saved UK museums and galleries £81m in contrast with industrial insurance coverage.
The Bayeux tapestry depicts the Battle of Hastings and occasions main as much as it. On the battle William the Conqueror defeated Harold Godwinson and have become the primary Norman king of England.
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