Apr 05, 2018
By Michael Kramer
Canadians are losing a masterpiece.
The National Gallery of Canada is auctioning off impressionist Marc Chagall’s oil painting Eiffel Tower – as part of a policy that will see the gallery putting more items from its collection on the block.
The work will be auctioned by Christie’s in New York – which estimates the painting will bring between $6 and $9 million dollars U.S.
The National Gallery says the proceeds will be used to buy an important work of “national heritage.”
The Chagall is among eight works approved for “de- accessioning” – which means they’re being sold or donated to other facilities.
The policy forbids sales of artworks from living artists – and proceeds must go to buy other pieces – and must not be used for operations or capital investment.