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Saatchi Seeks Takers for Collection as Talks With U.K. Hit Snag

Charles Saatchi, who in July said he was giving the British nation his London gallery and more than 25 million pounds ($38 million) worth of art, is seeking other takers after talks with a state-linked body broke down, his gallery’s associate director said.

On July 1, Saatchi said he was giving works to the nation including Tracey Emin’s signature “My Bed” (1998) and Jake & Dinos Chapman’s “Tragic Anatomies” (1996). His gallery, opened in Chelsea in October 2008, would be renamed Museum of Contemporary Art, London, after his retirement.