Extremely Expensive
German State Saves Struggling Bank’s Art Collection From Deaccession
The German state of North Rhine-Westphalia (NRW) has agreed to buy the 297-piece art collection of the struggling state-owned bank Portigon AG for €30 million ($33.2 million) The rebranded successor of WestLB, which folded in 2012 during the financial crisis, had planned to deaccession its star studded collection to repay…
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Click here to read the full story: Artnet News