Here is an interesting development in the Old Master auction market. The Alfred Beit Foundation was set to sell 9 works of art, including paintings by Rubens, Teniers and Guardi, due to financial problems, this July. But now, because of a public uproar and proposals by donors to “purchase” the works of art so they can remain in Ireland, they are considering a postponement. The read more about this matter, click HERE.
The Foundation has already sold other works … including 2 Atkinson Grimshaws (they brought £112,500, last week). If you are interested in reading even more, here are links to a few articles:
Alfred Beit Foundation statement on sale of paintings
Beit Foundation can’t be told how to do its work
Beit painting sold to Ukrainian-born billionaire
Russborough House in Co Wicklow