From theglobeandmail.com. Posted on 5/11/18.
The National Gallery announced on Thursday it will not pay a penalty itself for withdrawing the 1929 work The Eiffel Tower from auction, the proceeds of which it had planned to use to buy a Jacques-Louis David painting from a Quebec church. The gallery said an unidentified donor had agreed to pay an undisclosed amount to Christie’s auction house to release the work.
A source who has been briefed on the matter said the benefactor was Michael Audain, a high-profile B.C. real estate developer and well-known patron of the arts.
“I’m glad it’s been resolved, but I can’t say anything about the matter,” Mr. Audain, 80, said in a brief interview on Thursday.