Deutsche Bank to Put About 200 of Its Art Works Up for Auction

Emilee Geist

(Bloomberg) — Deutsche Bank plans to sell around 200 works from its art collection that holds more than 55,000 works in total. © Bloomberg Sunlight reflects off the Deutsche Bank AG twin tower headquarters, right, beside the Frankfurter Sparkasse Tower on the financial district skyline in Frankfurt, Germany, on Wednesday, […]

(Bloomberg) — Deutsche Bank plans to sell around 200 works from its art collection that holds more than 55,000 works in total.



a view of a city with tall buildings in the background: Sunlight reflects off the Deutsche Bank AG twin tower headquarters, right, beside the Frankfurter Sparkasse Tower on the financial district skyline in Frankfurt, Germany, on Wednesday, Sept. 2, 2020. Partly thanks to the government’s stimulus program, German activity has staged a strong rebound after collapsing in the second quarter, and companies have turned slightly more optimistic that it will continue to accelerate into next year.


© Bloomberg
Sunlight reflects off the Deutsche Bank AG twin tower headquarters, right, beside the Frankfurter Sparkasse Tower on the financial district skyline in Frankfurt, Germany, on Wednesday, Sept. 2, 2020. Partly thanks to the government’s stimulus program, German activity has staged a strong rebound after collapsing in the second quarter, and companies have turned slightly more optimistic that it will continue to accelerate into next year.

Only objects that do not belong to the collection’s main focus — works on paper and photographs — will be sold, according to a statement on Thursday. This includes paintings, sculptures, drawings and prints from the early classical modernist period of the early 20th century.

In addition, paintings and sculptures from the postwar modernist period from 1945 to the 1970s will be offered for sale.

Read more: Deutsche Bank Pulls Iconic Artworks From Its New York City Lobby

The works will be auctioned internationally over the next three years through Christie’s in London and Paris and Ketterer Kunst in Munich. The first works will go under the hammer at a Christie’s auction in Paris on Oct. 22.

For more articles like this, please visit us at bloomberg.com

©2020 Bloomberg L.P.

Continue Reading

Source Article

Next Post

Some NY arts institutions have seen 40% decreases in income. What they're doing to survive.

CLOSE The Metropolitan Museum of Art, New York City’s biggest art museum, opened to visitors on Thursday for the first time since the pandemic hit the city. (August 27) AP Domestic Story Highlights Arts organizations are charting an uncertain path following an almost complete shutdown during COVID-19. Live performances and […]