Charles Saatchi, impresario behind the "YBA" art renaissance in Britain, has announced that he will donate his London art gallery and 200 artworks worth an estimated $37 million to the British government. Upon his retirement, which for the fit 67-year old, is "not soon," the gallery will be renamed "The Museum of Contemporary Art, London" and the collection, though publicly owned, will be administered by a foundation that will continue to buy and sell works to fund its operations as it has all along.
Saatchi gives art to Britain
