"The 21st century is all about access, " Tate Director Sir Nicholas Serota said in the statement.

CNN: MoMA and Tate announce joint Internet venture

Tate director Sir Nicholas Serota said there was not enough money to buy works which were offered to the institution.

BBC: Tate Modern could benefit from the scheme

The successful candidate, to take over in November, will need to work closely with Sir Nicholas Serota who is the overall director of the Tate.

BBC: Search starts for Tate Modern chief

It does not seem to be working, although Sir Nicholas Serota, director of the Tate since 1988, fiercely defends the decision to experiment in this way.

ECONOMIST: British 20th-century art

But what caused even more of a stir was Mr Pearson Wright's vehement attack on Sir Nicholas Serota, director of the Tate Gallery, the day after picking up his cheque.

ECONOMIST: Art

Sir Nicholas Serota, director of the Tate, was also present as the Queen, Duke of Edinburgh and the Sultan viewed the pictures, which will go on public display until the new year.

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To take only the two most obvious examples, Sir Nicholas Serota, a former young Turk, presides at the new Tate, Britain's most popular gallery, and Charles Saatchi's once shocking collection of Brit art is on display in museum-space that he colonised in London's staid old County Hall upriver.

ECONOMIST: Too much of a good thing