• Short Summary

    The Metropolitan Museum of Art in New York is the centre of controversy over the management's decision to sell some of its treasures because of a cash shortage.

  • Description

    The Metropolitan Museum of Art in New York is the centre of controversy over the management's decision to sell some of its treasures because of a cash shortage.

    A Sotheby's auction at the Parks Bernet galleries included 11 of the museum's paintings, passed as "second best" by the Met, raised two hundred and twenty thousand pounds-- almost a hundred thousand more than the museum expected. Commentators say the higher prices were reached because a storm of controversy over the proposed sale attracted more buyers than usual, which in turn pushed prices up. The top bid, 42 thousand pounds, came from a Japanese buyer for a painting by Redon.

    The museum is short of money after spending two million pounds on a Velasquaz last year, and it says the paintings just sold had never been shown. Nevertheless, art experts think the prices paid may have been inflated because of a possibility that further sales may be stopped, even though the museum says it has more art works to sell.

  • Tags

  • Data

    Film ID:
    VLVA401SD4PY68KDPICAXES8X902V
    Media URN:
    VLVA401SD4PY68KDPICAXES8X902V
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    27/10/1972
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:00:54:00
    Time in/Out:
    /
    Canister:
    N/A

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