Treasury to cover Bayeux Tapestry for estimated 800m

"The Treasury is set to insure the Bayeux Tapestry against damage for an estimated 800m while it is on loan to the British Museum next year. The 70m-long embroidery depicting the Battle of Hastings in 1066 will travel from France to London as part of a deal between the two nation's governments. The artefact's transit and its time in storage and on display will be covered under the Government Indemnity Scheme (GIS)."

"The loan will not be formally confirmed until it receives the final valuation. That final valuation is estimated to be around 800m, according to the Financial Times, citing unnamed officials. The Treasury did not dispute this figure when approached by the BBC. The Bayeux Tapestry will be displayed in the Sainsbury Exhibitions Gallery of the British Museum from next September until July 2027 while its current home, the Bayeux Museum, undergoes renovations."

The Treasury will insure the 70m-long Bayeux Tapestry for an estimated 800m under the Government Indemnity Scheme while the work is loaned to the British Museum. The tapestry will travel from France to London next year and be shown in the Sainsbury Exhibitions Gallery from September until July 2027 while the Bayeux Museum undergoes renovations. The Treasury received an initial valuation that was provisionally approved and awaits a final valuation before formally confirming the loan. Some French experts raised concerns that the nearly 1,000-year-old embroidery is too delicate to transport, a claim French officials denied.

Read at www.bbc.com