MNB Spends HUF 353mn On Artworks

  • 9 Dec 2016 6:01 AM
MNB Spends HUF 353mn On Artworks
The MNB announced that it has recently spent Ft 353 million on buying five Hungarian artworks as part of its art collection programme. The MNB announced a €100 million programme to buy Hungarian art in foreign ownership in January 2014. The programme is expected to run until the end of 2018.

As part of the latest buyback, the MNB has spent Ft 235 million to buy the collection of Ferenc Kiss, which included a portrait of poet and rebel Sándor Petõfi by 19th-century painter Miklós Barabás.

The central bank also bought a granite negotiating table designed by internationally renowned architect Marcell Breuer for $150,000, a dish with a silver lid made by Vienna goldsmith Johann Georg Hann for Count Sámuel Teleki in 1791 for Ft 6 million, some items from the Rudolf Bedõ estate for Ft 52.3 million, and a daguerreotype of Lajos Kossuth, produced in Boston during his trip to the US, for $23,000.

Source: Hungary Around the Clock

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