Plans to sell art for a new Titanic museum in Southampton has been scrapped. Instead the Southampton city council will sell land to finance the new building.
The plan, which the council hoped could raise £5 million ($7.8 million) toward the proposed £15 million ($23.4 million) center, had aroused considerable fury from some residents and institutions in the United Kingdom. Officials at the Tate released statements questioning the intelligence of the move, and protest groups such as Save Our Collection organized to oppose the sale.
Source: Southampton Nixes Titanic Art Sale (Artinfo.com, 18 Feb 2010)