Save this content for laterSave this content on your device for later, even while offline Sign in with FacebookSign in with your Facebook account Close

Delaware Art Museum names 1st artwork to be sold

By: The Associated Press
May 7, 2014 Updated: May 7, 2014 at 4:05 pm
0

WILMINGTON, Del. (AP) — The Delaware Art Museum has announced the first artwork to be auctioned to pay off debt and replenish its endowment.

The museum announced Tuesday that "Isabella and the Pot of Basil," by William Holman Hunt will be the first of as many as four paintings sold in coming months. It will be sold through Christie's auction house in London on June 17.

The museum, which has one of the most significant pre-Raphaelite collections outside of the United Kingdom, hopes to raise $30 million through the sales to repay $19.8 million in bond debt and stabilize its finances.

The museum declined to name other works that could be sold, saying it could hurt private sales. But the museum says it will not sell artworks that were gifts.

Comment Policy
Register to the Colorado Springs Gazette
Register to the Colorado Springs Gazette
Subscribe to the Colorado Springs Gazette

It appears that you value local journalism. Thank you.

Subscribe today for unlimited digital access with 50% fewer ads for a faster browsing experience.

Already a Subscriber? LOGIN HERE

Subscribe to the Colorado Springs Gazette

It appears that you value local journalism. Thank you.

Subscribe today for unlimited digital access with 50% fewer ads for a faster browsing experience.

Subscribe to the Colorado Springs Gazette

Some news is free.
Exceptional journalism takes time, effort and your support.

Already a Subscriber? LOGIN HERE

articles remaining
×
Thank you for your interest in local journalism.
Gain unlimited access, 50% fewer ads and a faster browsing experience.