Tuesday, February 4, 2014

Legal concerns foil Portugal's art sale ambitions

FILE - In this Thursday, Dec. 19, 2013 file photo, auction house workers adjust Joan Miro's 1968 oil painting "Women and Birds" which has an estimated sale price of 4-to-7 million pounds ($6.5 million to $11.5 million), in a room with other works by Miro, at Christie's auction house in central London. Portugal is hoping a master of surrealism can help taxpayers recoup some of the millions they lost rescuing a failed bank. The government is selling 85 works by Spanish artist Joan Miro that became public property when Banco Portugues de Negocios was nationalized in 2008. Christie's in London, which is handling the two-day sale starting Tuesday, Feb. 4, 2014, describes the collection as "one of the most extensive and impressive offerings of works by the artist ever to come to auction." (AP Photo/Lefteris Pitarakis, File) LISBON, Portugal (AP) — Cash-strapped Portugal's attempt to raise money by selling a prized Joan Miro art collection has fallen foul of a late legal wrangle as startling as one of the Spanish artist's works.








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