The Lismore City Council is being asked to formally back a fundraising effort to keep the $1 million Hannah Cabinet at the Lismore Regional Gallery on permanent display.
The cabinet, created by world-class master craftsman Geoff Hannah over six years, will be on display for 22 months, after which the Gallery will have the opportunity to purchase it as a piece of artwork for $1 million.
But to do so, the Gallery needs the council to support it using the Art Gallery Gift Account, which is registered as a tax deductible gift recipient with the Australian Taxation Office.
The Hannah Cabinet is the largest and most complex of Mr Hannah’s work.
He also has major works located in such places as the Governor General’s residence in Canberra, the Queens Coach in London, and at the headquarters of a major international trading company in Antwerp, Beligium.
A valuation has been carried out by Meredith Hinchliffe, an approved valuer on the Department of Communications and the Arts Cultural Gifts Program list.
The valuation of the cabinet is $1 million.
If the funds can be raised during the time the cabinet is on display, the Regional Art Gallery will be able to purchase the cabinet and be part of the permanent collection.