Working in collaboration with the Old Master Prints specialists and the Valuations team, Christies
Heritage and Taxation experts negotiated the acceptance in lieu of six etchings by Rembrandt van Rijn, which have been allocated to National Museums NI for display at the Ulster Museum.
This is a particularly fitting acquisition, being completed in the year of the 350th anniversary of Rembrandts death. This is the first time that any works by Rembrandt have entered these collections and demonstrates the importance of the scheme to provide works of significance for the public to view.
Included amongst the etchings is The Adoration of the Shepherds which will go on display with immediate effect in an exhibition entitled Masterpieces of Dutch Landscape Painting at the Ulster Museum, together with Sixs Bridge. The works will remain on display until 26th January 2020.
Ruth Cornett, Director, Heritage and Taxation Advisory Service, commented: We are pleased to have played a part in allocating these works to the Ulster Museum, with two of the etchings immediately contributing to an exhibition celebrating the very best of Dutch works of art. The timing is particularly poignant, as we complete the acquisition in the 350th anniversary year of Rembrandts death. In addition, the Nativity scene captured in The Adoration of the Shepherds could not be more fitting as we approach the Christmas season.
The exhibition at the Ulster Museum also includes a painting, The Cornfield by Jacob van Ruisdael, which was accepted in lieu in 2017 with the assistance of Christies.
For nearly 50 years, Christies Heritage & Taxation Advisory Service has built up extensive experience, helping numerous Christies clients with transactions that have resulted in over 10,000 chattels of pre-eminent national interest being acquired by public museums, galleries or institutions, through a private treaty sale or in lieu of inheritance tax or other death duties.
The acceptance of the six Rembrandt etchings settled £150,500 of tax.