Tracy Emin's famous art installation My Bed will be returning to the Tate after selling for £2.2 million earlier this month.
The work’s new owner, Count Christian Duerckheim, has agreed to loan the piece to the Tate "for a period of at least 10 years" according to Tate director Sir Nicholas Serota.
Tracy created the controversial artwork, featuring her own unmade bed surrounded by litter, empty bottles, cigarettes and condoms, in her London council flat in 1998.
Since news of her creation's return to the art institution, the British artist has said: "I have always felt My Bed belongs at Tate. And now it will be".
My Bed reached iconic status after it was originally showcased in the Tate Modern having been shortlisted for the 1999 Turner Prize. In 2000 it was bought for £150,000 by the art collector Charles Saatchi.
The Tate describes the piece as an "unconventional and uncompromising self-portrait [that] gives a snapshot of the artist's life after a traumatic relationship breakdown".
Count Duerckheim, a German industrialist, described the piece as "a metaphor for life, where troubles begin and logics die".
It is not yet known if the piece will return to the Tate Modern or Tate Britain. Details of when and where the piece will go on display will be announced this autumn.
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