Treasury to cover Bayeux Tapestry for estimated £800m
Summary
The British Treasury plans to insure the Bayeux Tapestry for approximately £800 million while it is on loan to the British Museum. The nearly 1,000-year-old artwork is set to be displayed in London from September next year until July 2027. The insurance is part of the Government Indemnity Scheme, which helps museums in the UK show valuable items from around the world.Key Facts
- The Bayeux Tapestry is a 70-meter-long embroidery showing the Battle of Hastings in 1066.
- It will be loaned from France to the British Museum as part of an agreement between the UK and France.
- The Treasury estimates the insurance cost will be about £800 million to cover potential damage.
- Concerns exist about the tapestry's fragile state, but French officials say it is safe to move.
- The tapestry will be displayed in the British Museum's Sainsbury Exhibitions Gallery.
- The Government Indemnity Scheme allows expensive artefacts to be shown in the UK by avoiding high commercial insurance costs.
- The scheme has saved museums roughly £81 million a year compared to commercial insurance.
- In return for the tapestry, the British Museum will lend France items like the Sutton Hoo treasures and the Lewis chess pieces.
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