Deloitte flogs 40-year-old art collection
New offices make it difficult to display 'traditional art,' firm says as it puts £1m collection on the block.
A collection of 448 art works which have been collected over a period of 40
years by Deloitte and Arthur Andersen are to be sold on Thursday at the Royal
Academy.
The collection includes the work of Patrick Caulfield, Bridget Riley, Patrick
Heron, Elisabeth Frink and Gilbert & George.
The
collection is valued at between £750,000 and £1m.
‘This will be one of the most extensive art collections to appear on the
auction market in recent years. The Deloitte Art Collection has great strength
and depth due to its acquisition of the former Arthur Andersen Art Collection in
2002, which was one of the first Corporate Art Collections to be formed in the
United Kingdom,’ said Nick Curnow of
Lyon &
Turnbull, the auctioneers arranging the sale.
It is understood that Deloitte will be moving into a new open-plan offices
that ‘preclude the display of traditional art’.
Further Information:
Read Lyon &
Turnbull’s press release
Watch a
film of the collection
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