- Associated Press - Monday, September 19, 2011

DUBLIN (AP) - Ireland’s “bad bank” and Christie’s auctioneers say they are selling a bankrupt property baron’s art collection, including a work by Andy Warhol.

The auctions Nov. 9 in New York and Nov. 17 in London include Warhol’s “Dollar Sign” and “Man Doing Accounts” by Jack B. Yeats. The 14 paintings for sale have an estimated value of euro1.7 million to euro2.2 million ($2.4 million to $3.1 million).

Ireland’s National Asset Management Agency has seized control of tens of billions’ worth of possessions of the nation’s bankrupt property speculators.

The state-run debt management bank said Monday this will be its first sale of impounded art.

Irish media have identified the former owner as real estate entrepreneur Derek Quinlan, who purchased much of the art shortly before Ireland’s property bubble burst in 2008.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide