The Art Collection of King George IV

King-George-IV

King George IV’s excessive consumption was completely out of synchronization with his income with George IV needing to rely upon the British parliament multiple times to bail him out of financial ruin. George IV’s over spending was so bad that parliament actually forced him to marry in exchange for hundreds of thousands of pounds worth of debts to be forgiven. Although George IV is thought of as extravagant and profligatory, the truth is that the combined value of his collection equates to an average modern day value of £10,000,000 (£10 million) for every £1000.00 George IV spent during the 19th century. It should be noted that this large gain is due primarily to the intrinsic and irreplaceable value of the items as £1000.00 in 1800 would only be worth £83,000 as of 2019 when accounting for inflation