Paintings from RBS collection may be sold
- December 22, 2009 14:13
The Royal Bank of Scotland (RBS) is considering selling parts of its estimated GBP15 million art collection, when the art market improves, as pressure mounts on state-owned banks to dispose of non-core assets. The collection of the bank, which is majority-owned by the U.K. government, comprises works by artists LS Lowry, David Hockney, Jack Vettriano, Johann Zoffany and Peter Howson. The bank is planning to loan some works to public galleries next year.
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