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Bankrupt Irish Developer’s Warhol to Sell in New York

September 19, 2011 by Marion Maneker

Distressed art sales haven’t figured publicly in the art market for a few years now. That doesn’t mean they’re gone—or only gone underground. Christie’s is selling 14 works by an Irish developer with the hopes of bringing £1.5m.

when tax inspector-turned property developer Derek Quinlan had his spectacular fall, the National Asset Management Agency (Nama) not only seized the loans on his string of homes in Dublin 4 and the Canary Wharf tower, but also his gallery of internationally renowned paintings. […]

The 14 paintings include Andy Warhol’s Dollar Sign which, a spokesman for Christies said, is expected to fetch between $400,000 and $600,000 in New York. Also on sale are works by Ireland’s greatest artists including William Scott, Jack Butler Yeats and Paul Henry which will be sold in London.

Warhol Reclaimed: Irish Property Developer’s Art Work For Sale (Independent)

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Filed Under: General Tagged With: Warhol

About Marion Maneker

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