• Short Summary

    The Metropolitan Museum of Art in New York is the centre of controversy over the management's decision to sell some of its treasures because of a cash shortage.

  • Description

    1.
    GV & CU Buyers at auction (4 shots)
    0.18

    2.
    CU French impressionist paintings (2 shots)
    0.30

    3.
    CU ZOOM OUT Ditto
    0.40

    4.
    CU Withdrawn painting (village green)
    0.51

    5.
    MV ZOOM INTO CU Chariot of Apollo painting
    1.04

    6.
    CU ZOOM OUT TO MV Painting
    1.18

    7.
    MV ZOOM OUT TO GV Buyers
    1.23



    Initials BB/1726



    Script is copyright Reuters Limited. All rights reserved

    Background: The Metropolitan Museum of Art in New York is the centre of controversy over the management's decision to sell some of its treasures because of a cash shortage.

    A Sotheby's auction at the Parks Bernet galleries included 11 of the museum's paintings, passed as "second best" by the Met, raised two hundred and twenty thousand pounds-- almost a hundred thousand more than the museum expected. Commentators say the higher prices were reached because a storm of controversy over the proposed sale attracted more buyers than usual, which in turn pushed prices up. The top bid, 42 thousand pounds, came from a Japanese buyer for a painting by Redon.

    The museum is short of money after spending two million pounds on a Velasquaz last year, and it says the paintings just sold had never been shown. Nevertheless, art experts think the prices paid may have been inflated because of a possibility that further sales may be stopped, even though the museum says it has more art works to sell.

  • Tags

  • Data

    Film ID:
    VLVA401SD4PY68KDPICAXES8X902V
    Media URN:
    VLVA401SD4PY68KDPICAXES8X902V
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    27/10/1972
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:00:54:00
    Time in/Out:
    /
    Canister:
    N/A

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