Tuesday, March 3, 2009

Met Opera Offers Chagalls as Loan Collateral

Not quite a deaccessioning, but...

The Metropolitan Opera indicated today that it has put up two massive Marc Chagall murals as collateral on a loan.

According to Met spokesman Peter Clark, the murals will serve as collateral for "a longstanding loan," though he declined to specify the loan amount or the estimated value of the works. Some reports have appraised the two murals at about $20 million US in total.

More from the CBC here.

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