Australian Museum Buys Correggio Painting (Photo)

The National Gallery of Victoria (NGV) hangs its newly acquired painting “Madonna and Child With Infant St. John the Baptist,” by Italian Renaissance painter Correggio.
Australian Museum Buys Correggio Painting (Photo)
|Updated:

<a><img src="https://www.theepochtimes.com/assets/uploads/2015/09/cropcorreggio.jpg" alt="RARE ACQUISITION: The National Gallery of Victoria (NGV) hangs its newly acquired painting 'Madonna and Child With Infant St. John the Baptist,' by Italian Renaissance painter Correggio. The NGV bought it for $5.45 million on Aug. 17 in London. The newly discovered work from the early 16th century is the only authenticated Correggio in the last 50 years to have been sold at auction, according to the NGV. It was purchased using a donation from Australian investment manager Andrew Sisson. 'Mr. Sisson said the strong dollar, relative to sterling, had increased his purchasing power by about 50 percent at the Sotheby's auction,' according to a report by The Australian. (William West/AFP/Getty Images)" title="RARE ACQUISITION: The National Gallery of Victoria (NGV) hangs its newly acquired painting 'Madonna and Child With Infant St. John the Baptist,' by Italian Renaissance painter Correggio. The NGV bought it for $5.45 million on Aug. 17 in London. The newly discovered work from the early 16th century is the only authenticated Correggio in the last 50 years to have been sold at auction, according to the NGV. It was purchased using a donation from Australian investment manager Andrew Sisson. 'Mr. Sisson said the strong dollar, relative to sterling, had increased his purchasing power by about 50 percent at the Sotheby's auction,' according to a report by The Australian. (William West/AFP/Getty Images)" width="575" class="size-medium wp-image-1798859"/></a>
RARE ACQUISITION: The National Gallery of Victoria (NGV) hangs its newly acquired painting 'Madonna and Child With Infant St. John the Baptist,' by Italian Renaissance painter Correggio. The NGV bought it for $5.45 million on Aug. 17 in London. The newly discovered work from the early 16th century is the only authenticated Correggio in the last 50 years to have been sold at auction, according to the NGV. It was purchased using a donation from Australian investment manager Andrew Sisson. 'Mr. Sisson said the strong dollar, relative to sterling, had increased his purchasing power by about 50 percent at the Sotheby's auction,' according to a report by The Australian. (William West/AFP/Getty Images)