Courtesy National Galleries of Scotland

Titian's "Diana and Actaeon" (1556–59)

Titian Fall Museum Shows in Paris Auction Action: 1989–1998 Tribal Ritual Shows to See in New England Before Summer’s Out When in Venice for... the Biennale Ashmolean’s Acquisition Confirmed as a Titian Richard Feigen

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The donation will add to the £8 million already raised from private donors and a recent £10 million donation from the National Heritage Fund. London's National Gallery is expected to donate a further £12 million, and the National Galleries of Scotland another £2 million.

The English and Scottish National Galleries must jointly raise £50 million by December 31 in order to purchase Diana and Actaeon from its owner, the Duke of Sutherland, who has lent the painting, along with 27 other works from his collection, to the National Galleries of Scotland since 1945. If the galleries succeed in raising the money, Diana and Actaeon will alternate between the London and Edinburgh institutions, and the museums will then have another four years to raise funds to buy the sister painting, Diana and Callisto.