ING Sells 10 Percent of Its 25,000-Piece Collection of Contemporary Art
Het ING House, Amsterdam
ING is a global financial services company providing banking, investments, life insurance and retirement services and operates in more than 50 countries.
It is the biggest Dutch financial-services company that is selling art for the first time since it started its collection in 1974.
ING, the Amsterdam-based company that got a 10 billion euro ($14 billion) lifeline from the Dutch government in October, is selling about 10 percent of its 25,000-piece collection of contemporary art, is on display in 1,300 locations.
The average value of the items, mostly graphics, that are up for sale is estimated at 200 euros apiece.
ING sells art from its collection and continue buying. [from bloomberg]
What king of artworks they will buy now? I guess INC will buy original paintings from less known artists.