Husband and Wife Remove Rare 16th Century Statue for Inheritance Tax Bill

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Recently, Cambridge's Fitzwilliam Museum received an extraordinary bronze statue of Apollo. Created by Pier Jacopo Alari Bonacolsi in the early 16th century, the Apollo Belvedere statue was donated to pay the £10.5 million ($13.1 million) inheritance tax bill. 

The statue is a bronze copy of a marble work in the Vatican and depicts the figure of Apollo who symbolizes archery, music and dance. The presence of this rare sculpture is an important addition to the museum's sculpture collection, recognized as one of the most vital works of the Renaissance era. 
The donation came from Cecil and Hilda Lewis through the Acceptance in Lieu program, an initiative that allows art to be donated in payment of inheritance tax. Today, the statue of Apollo Belvedere can be enjoyed by visitors at the Fitzwilliam Museum Cambridge.

Source : https://news.artnet.com/art-world/bonacolsi-apollo-statue-donated-to-cambridge-fitzwilliam-museum-2408207




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