The First Art Newspaper on the Net Established in 1996 United States Saturday, December 20, 2014


Austrian businessman Karlheinz Essl offers up 7,000 artworks to save Do It Yourself chain
Essl's bauMax chain of 158 do-it-yourself outlets is active in nine countries.
VIENNA (AFP).- An Austrian businessman offered Monday to sell his renowned 7,000-work contemporary art collection to the state for 86 million euros ($118.5 million) to save his stricken international home improvement chain.

"My wife and I are ready to hand over the entire collection to the republic if that can help us save around 4,000 jobs in Austria alone," said the businessman, Karlheinz Essl.

The main focus of the collection, on display in Klosterneuburg north of Vienna, is on Austrian artists since 1945 including Maria Lassnig and Valie Export but it also includes works by international figures.

Art expert Otto Hans Ressler told the Austria Press Agency said that a sale of the works on the open market would lead to an "oversupply" and a "dramatic fall in the value of Austrian art".

Essl's bauMax chain of 158 do-it-yourself outlets is active in nine countries, including the Czech Republic, Slovakia and Turkey, employing some 10,000 people. In 2012 it posted a loss of 126 million euros.

A spokesman for Austria's culture ministry said it was "extremely important" to save the jobs, saying that minister Josef Ostermayer was "well known for finding solutions".



© 1994-2014 Agence France-Presse





Today's News

March 25, 2014

Major Robert Mapplethorpe retrospective exhibition opens at the Grand Palais in Paris

The renowned UBS Art Collection on view at Galleria d'Arte Moderna in Milan

Christie's announces Sale of Magnificent Jewels on April 16 in New York

Japanese architect Shigeru Ban receives the 2014 Pritzker Architecture Prize

Room Service: Staatliche Kunsthalle Baden-Baden exhibits the hotel in art and culture

Marty de Cambiaire exhibits forty Neapolitan works on paper from 1550 to 1800

Art historian Mikkel Bogh appointed as new Director of the National Gallery of Denmark

After weathering severe damage for centuries, two restored colossal pharaoh statues unveiled in Egypt

Austrian businessman Karlheinz Essl offers up 7,000 artworks to save Do It Yourself chain

Contemporary artist Graham Fagen selected to represent Scotland at the 56th Venice Biennale

President Obama visits Rijksmuseum in first ever visit by a serving US President to the museum

Expert committee at the Royal Philatelic Society London recertifies the world's most famous stamp

Jordan Schnitzer Museum of Art at the University of Oregon names Senior Curator of Western Art

Exhibition brings together the works of 32 contemporary Greek artists and collectives

Leading museum professional Pamela Erskine-Loftus to lead production of groundbreaking digital space

Acquavella Galleries presents new works by American artist Damian Loeb

Centenary celebrations for Lady Lever Art Gallery

A 'White Glove' Auction: Books from the Ecclesiastical Collection of Joseph Mendham

New Spink specialists to auction Asia's finest

Friedrich Kunath's fourth solo exhibition with Andrea Rosen Gallery opens in New York

9/11 memorial museum to open in New York on May 21

Ola Lanko exhibits at Foam's project space for young international talent

Most Popular Last Seven Days



1.- Colossal statue of Amenhotep III unveiled on the west bank of the Nile in Egypt

2.- British royals crown New York visit with gala dinner

3.- Missing artwork rediscovered in "Stuart Little" sells for over 200,000 euros at auction

4.- Rossetti's Venus Verticordia soars at Sotheby's in London to sell for £2.88 million

5.- Russian magnate buys, then returns Nobel prize to American geneticist James Watson

6.- Egyptian Museum unveils four newly renovated halls of the famed Tutankhamun gallery

7.- 'The Secret of Dresden: From Rembrandt to Canaletto' on view at the Groninger Museum

8.- Cooper Hewitt Smithsonian Design Museum reopens after three-year renovation

9.- More than 200 queries about works by possible heirs received on Nazi-era art hoard

10.- Attorney, artist and filmmaker reflects on the seven lessons learned at 2014 Art Basel Miami Beach



Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .

 

Founder:
Ignacio Villarreal
Editor & Publisher: Jose Villarreal - Consultant: Ignacio Villarreal Jr.
Art Director: Juan José Sepúlveda Ramírez - Marketing: Carla Gutiérrez
Special Contributor: Liz Gangemi - Special Advisor: Carlos Amador
Contributing Editor: Carolina Farias

Royalville Communications, Inc
produces:

ignaciovillarreal.org theavemaria.org juncodelavega.org facundocabral-elfinal.org
Founder's Site. The most varied versions
of this beautiful prayer.
Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site