Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home International Customs

Polish Govt signs cut-price deal in bid to keep country’s greatest art collection at home

byCT Report
31/12/2016
in International Customs, Poland
Share on FacebookShare on Twitter

WARSAW: The Polish government has signed a cut-price deal to buy one of Poland’s greatest private art collections including a rare Leonardo da Vinci portrait, in a bid to keep the collection in the country. Piotr Glinski, the Polish culture minister, hailed the agreement to purchase the Czartoryski Collection for £85 million but immediately ran into a row with the collection’s trustees who questioned the legality of the deal.  The vast collection of some 330,000 paintings and artefacts with a total market value estimated at over £1.5bn belonged to Prince Adam Czartoryski, a scion of one of Poland’s leading aristocratic families.

The prince is a descendant of Princess Izabela Czartoryska, who founded the collection 200 years ago, filling it with work of old masters and some of the greatest contemporary names of the day. But the board of the Czartoryska Foundation, which managed the collection before the state purchase, resigned on mass in protest over the deal, claiming the prince had not consulted them before selling the collection for a “fraction of its true value”. It includes works by Rembrandt and Renoir, as well as the centrepiece – da Vinci’s “Lady with an Ermine”  – which was painted in 1490 and it is one of only four female portraits produced by the Italian master.

You might also like

lamic banking assets reach Rs14.47 trillion, sector share rises to 23%

07/03/2026

Shippers see temporary lull in exports

05/02/2020

Malgorzata Omilanowska, a former culture minister and a professor of art history, described the cut-price deal as “more nationalisation with compensation than a purchase”. She also questioned whether the prince even had the right to sell the items without the board’s approval and why the government deemed it necessary to spend millions of pounds of tax-payers money on a well maintained collection that is in any case open to the public.

Tags: Polish Govt signs cut-price deal in bid to keep country's greatest art collection at home

Related Stories

lamic banking assets reach Rs14.47 trillion, sector share rises to 23%

byCT Report
07/03/2026

KARACHI: Pakistan’s Islamic banking sector expanded during 2025, increasing its share in the country’s financial system with assets reaching nearly...

Shippers see temporary lull in exports

byadmin
05/02/2020

Shippers expect the coronavirus outbreak to have the greatest effect on farm product exports, notably fresh fruits and vegetables, with...

Toyota Motor Corp. employees work on the Crown vehicle production line at the company's Motomachi plant in Toyota City, Aichi, Japan, on Thursday, July 26, 2018. Toyota may stop importing some models into the U.S. if President Donald Trump raises vehicle tariffs, while other cars and trucks in showrooms will get more expensive, according to the automaker’s North American chief. Photographer: Shiho Fukada/Bloomberg

Toyota SA to invest over R4 billion in car assembly and parts

byadmin
05/02/2020

Toyota SA Motors (TSAM) has announced a R4.28bn investment in local vehicle assembly and parts supply. Speaking at the company’s...

Over 80 Kilos Cocaine Found On Dutch Plane In Argentina; Three Dutch Arrested

byadmin
05/02/2020

More than 80 kilograms of cocaine was found on a Martinair Cargo plane in Argentina. Seven men, three of whom...

Next Post

Dhaka Apparel Summit to focus on $50 bn RMG exports

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.