British Institution

The British Institution (in full, the British Institution for Promoting the Fine Arts in the United Kingdom; founded 1805, disbanded 1867) was a private 19th-century society in London formed to exhibit the works of living and dead artists; it was also known as the Pall Mall Picture Galleries or the British Gallery. Unlike the Royal Academy it admitted only connoisseurs, dominated by the nobility, rather than practising artists to its membership, which along with its conservative taste led to tensions with the British artists it was intended to encourage and support. In its gallery in Pall Mall the Institution held the world's first regular temporary exhibitions of Old Master paintings, which alternated with sale exhibitions of the work of living artists; both quickly established themselves as popular parts of the London social and artistic calendar. From 1807 prizes were given to artists and surplus funds were used to buy paintings for the nation. Although it continued to attract members and visitors, in 1867, when the lease on its quarters expired, instead of renewing the society wrapped up its affairs. Provided by Wikipedia