CHARLES SAATCHI GIVES GALLERY TO NATION

Art collector Charles Saatchi is gifting more than 200 works and his Saatchi Gallery to the British public, it has been announced.

The artworks, which include Tracey Emin's My Bed and pieces by the Chapman brothers, are worth more than £25m.

The 70,000 sq ft Saatchi Gallery in Chelsea, owned by Cadogan Estate, will become the Museum of Contemporary Art for London (Moca London).

The museum will meet all costs and “no charges will fall to the state”.