How Much Is A Rothschild Painting Worth

Rembrandt, The Flag Bearer, also known as The Standard Bearer, 1636, oil on canvas

The Dutch government is prepared to pay the art-collecting Rothschild family $198 million for a Rembrandt van Rijn painting, including $170 1000000 from land funds, in social club for the painting to remain "public property in the Netherlands forever." The Standard Bearer (De Vaandeldrager), a 1636 self-portrait by the Dutch Golden Age painter, has passed through the easily of private collectors for generations, from England's King George IV to the Rothschild family, who have owned the picture since 1844. For €175 million ($198 1000000), the French family is willing to sell the priceless portrait.

The purchase has non however been completed because the Dutch government is awaiting parliament approving. The Rijksmuseum fund in Amsterdam will donate €10 meg ($11 one thousand thousand) to the purchase, with the Rembrandt Association contributing some other €fifteen million ($17 million). The remaining €150 meg ($170 one thousand thousand) will exist covered past taxpayer funds. The state intends to bout the Rembrandt painting around the country once the purchase is complete earlier it takes upwards permanent residence in the Rijksmuseum's Gallery of Honor. The picture was initially displayed at the museum in 2019, the same twelvemonth that the Rothschild family put information technology up for sale for the start time. While France showtime declared the artwork a national treasure and set an export ban on it, it afterward surrendered its correct to purchase it due to a lack of cash. After that, kingdom of the netherlands maneuvered to become the work.

Ingrid van Engelshoven, the Dutch minister of education, civilisation, and science, said in a statement, "With this joint acquisition, we are making i of Rembrandt's most exquisite works attainable to everyone." "The Standard Bearer is finally returning dwelling house after a centuries-long journey." On Twitter, the government minister underlined that the work volition e'er be Dutch public holding. The Standard Bearer is a work of art that is both historically and artistically significant. It is one of Rembrandt'south get-go works as a self-taught artist, preparing the path for an artistic breakthrough that would eventually lead to his famous masterwork, The Nighttime Watch. In the Eight Years' State of war, which culminated in the germination of holland in 1648, standard-bearers fought on the front lines.

"It was at this point that Rembrandt became Rembrandt!" The piece of work was described by Taco Dibbits, general director of the Rijksmuseum. "The painting's quality and the fact that it marks Rembrandt'due south artistic breakthrough make it an unrivaled Rembrandt work." Rembrandt made 340 paintings, 44 of which are in museums and private collections in the Netherlands, including 22 at the Rijksmuseum. The virtually recent public auction record for a Rembrandt piece was gear up in 2009, when an oil on canvas painting titled Portrait of a man with arms akimbo (1658) sold for more than than $33 one thousand thousand, including fees, at a Christie's London sale.

Source: https://www.artmajeur.com/en/magazine/2-art-news/netherlands-ready-to-spend-198m-on-rothschild-owned-rembrandt-self-portrait/330868

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