4 March 2015

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German State-Owned Portigon Collection Plan To Save Works From Deaccession

In January of this year the German state-owned bank Portigon AG of North Rhine-Westphalia, the rebranded successor of the WestLB which folded in 2012 during the financial crisis, decided to deaccession its entire art collection. The bank holds approximately 400-pieces of art, which includes works by Pablo Picasso, August Macke, Joseph Beuys, and Günther Uecker. […]

20 February 2015

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German Officials Plan To Prevent Portigon State-Owned Art Collection From Deaccession

Last month the German state-owned bank Portigon AG of North Rhine-Westphalia, the rebranded successor of the WestLB which folded in 2012 during the financial crisis, decided to deaccession its entire art collection. The bank holds approximately 400-pieces of art, which includes works by Pablo Picasso, August Macke, Joseph Beuys, and Günther Uecker. Now officials in […]

16 January 2015

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German Bank Portigon Defends Deaccession Of State-Owned Art Collection

Last week the German state-owned bank Portigon AG of North Rhine-Westphalia, the rebranded successor of the WestLB which folded in 2012 during the financial crisis, decided to deaccession its entire art collection. The bank holds approximately 400-pieces of art, which includes works by Pablo Picasso, August Macke, Joseph Beuys, and Günther Uecker. Portigon Chief Executive […]

12 January 2015

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German Bank Portigon To Sell Art Collection In Disturbing Trend

With the continued controversy surrounding the sale of two Andy Warhol paintings, ‘Triple Elvis’ (1963) and ‘Four Marlons’ (1966), having been sold by the Westspiel casino conglomerate. Museum directors in North Rhine-Westphalia sent a petition to the regional government in an attempt to prevent the paintings’ sale at Christie’s New York last November. In the […]