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Selling three Cézanne paintings to pay the bills: A Swiss museum s existential dilemma | Culture

Sotheby s And Christie s: A Rollercoaster Week For NY s Autumn Auctions

Cézanne artworks: Swiss museum sells three Cézanne artworks for $52 5 mn amid financial crisis

The move, criticised by some, was deemed necessary by the museum s foundation to prevent insolvency. Markus Stegmann, the museum director, announced that after deducting buyer s fees, the foundation would receive approximately 42.3 million Swiss francs ($46.9 million), securing the museum s future through the creation of an endowment.

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Amid Criticism, a Museum Says It Must Sell Its Cézannes to Survive

Amid Criticism, a Museum Says It Must Sell Its Cézannes to Survive
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