LONDON, July 1 (UPI) -- Art collector Charles Saatchi says he plans to donate his London gallery and 200 works worth an estimated $38 million to the British public.
The Guardian reported the 70,000-square-foot gallery in Chelsea is to be renamed Museum of Contemporary Art, London when the 67-year-old former advertising executive retires. The date of his retirement has not yet been announced.
The space will feature "a strong, rotating permanent collection of major installations" and admission will be free, the newspaper quoted Saatchi as saying.
Among the works to be donated are Tracey Emin's "My Bed," Jake and Dinos Chapman's "Tragic Anatomies," Richard Wilson's "Oil Room" installation, Kader Attia's "Ghost" and an Emily Prince installation.
