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LONDON A painting given to the Royal College of Art in 1969 by Francis Bacon as rent for one of its studios after his own was destroyed by fire fetched £8.08 million at an auction by Christie’s in London. Study from the Human Body, Man Turning on the Light (1973-74) was valued at £400,000 in 1989. Bacon told the college that he would endorse its sale if it could help even one student. The proceeds will fund a £20 million centre for the RCA. Sir Christopher Frayling, its Rector and Vice-Provost, said: “I can build 100 studios for the one we rented to Bacon in 1969.”

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I don't know the legalities here, but this ' rent payment ', shall we say £100, 38 years ago for a few square feet of space.
Today, the painting by Francis Bacon, is sold for £8.08m. No mention of any redress to the painters heirs or executors.
After just being reminded of Ratner's rhino skinned remarks, this preposterous claim of a ' fair rent ' payment is beyond belief.
Brian Charles Seals, Scarborough, Nth Yorkshire, UK