07/01/2010 12:16 pm ET Updated May 25, 2011

NEW MUSEUMS: Charles Saatchi To Create A New MOCA London, Filled With His Art

LONDON--Charles Saatchi, the London-based advertising magnate whose voracious collecting jump-started the U.K. art scene in the 1990s, has announced that he is giving his world-renowned Saatchi Gallery to Britain to create a new MOCA London. The museum, which would come into being at the point of Saatchi's retirement, will have a collection of some 200 of his artworks -- including such provocative YBA centerpieces as Tracey Emin's notorious bodily-fluids-stained My Bed and the Chapman Brothers' installation Tragic Anatomies.