Angolan businessman makes €44 million bid for contested Miró works

   |  8 April 2014  |  AMA  |  Tweet  |  LinkedIn

Lisbon, 8 April 2014, Art Media Agency (AMA).

According to Agence France Presse, an Angolan-Portuguese entrepreneur has offered €44 million for the collection of 85 Joan Miró artworks currently under dispute in Portugal.

Rui Costa Reis, who made his fortune in cereals before turning to financing Hollywood films, has promised to put the works on permanent display in the northern city of Porto, should his offer be accepted. The 85 pieces have belonged to the Portuguese government since it nationalised the BPN bank at the height of the financial crisis in 2008. They were due to be auctioned at Christie’s in February, but the pieces were pulled from the sale following a national dispute over whether they should remain in Portugal. The government has argued that it cannot afford to maintain the collection, and needs to raise funds to continue its economic recovery. The pieces are currently scheduled to be presented in another Christie’s sale in London in June.

Christie’s has valued the collection as one of the largest and most significant groups of Miró works ever to appear at auction.

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