Intent on getting rid of its exceptional collection of Miró paintings, the government is reported to have entered an agreement with London auction house Christie’s – due to auction the 85 paintings in June. If the paintings don’t sell under the hammer, Christie’s is to be allowed to sell them “direct”. The only stipulation, writes Diário de Notícias, is that the government should receive €35 million. The collection – formerly belonging to corruption-torn BPN bank – was originally purchased for a reported €82.5 million. Meantime, there is no news on the private bid put forward for the collection by Angolan millionaire Rui Costa Reis.
- Portugal News