Bank Art Works Estimated

A report regarding the estimate of the worth of artwork owned by the banks will be ready before the refinancing of the banks will be completed, according to Minister of Education, Katrín Jakobsdóttir. Mbl.is reports this today.

The estimation has yet to be completed, but presently, very large art collections are owned by the banks. Now, an evaluation is being undertaken, for example, determining which works are national treasures, before the banks will again be deregulated. 

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Source: ICELAND REVIEW ONLINE.  July 24, 2009

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About Art Collecting and Investment

Providing news about art collectors, collections and investments. Including the how to's, the why's and the where's of art collecting. Wanda Pepin, Christina Madden and Elaine Frenett are all professional artists who keep up on the world of art, while creating amazing works of art themselves.
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