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Twenty Carat, Scarlett Sky, Chasing Artie Win Opening-Day Keeneland Stakes - Horse Racing News

Twenty Carat, Scarlett Sky, Chasing Artie Win Opening-Day Keeneland Stakes - Horse Racing News
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Spain Will Pay Heiress Carmen Cervera $7 9 Million a Year to Keep Her Art Collection in the Country for the Next 15 Years

Spain Will Pay Heiress Carmen Cervera $7.9 Million a Year to Keep Her Art Collection in the Country for the Next 15 Years Works by Rodin, Gauguin, and Van Gogh are part of the $1 billion collection. Baroness Carmen Thyssen-Bornemisza. Photo by Juan Naharro Gimenez/Getty Images. The Spanish culture ministry has made a deal with the art collector and socialite Carmen Cervera that will see her collection of some 400 artworks remain in the country for the next 15 years. The artworks, which include paintings and sculptures by artists including Brueghel the Elder, Vincent Van Gogh, and Auguste Rodin, have been valued at around €1.04 billion ($1.3 billion). They will remain provisionally at the Museo Nacional Thyssen-Bornemisza in Madrid, where they have been on loan since 1999.

Spanish government signs deal securing €1bn Thyssen-Bornemisza museum collection

More than 400 works are housed at the Thyssen-Bornemisza museum in Madrid Photo: Pablo Casares © 2014 The Spanish government has negotiated a deal to keep the prestigious Carmen Thyssen-Bornemisza Collection in Spain. The new arrangement struck with Baroness Carmen Cervera the widow of the industrial tycoon Hans Heinrich von Thyssen-Bornemisza, who died in 2002 means that more than 400 works housed at the Thyssen-Bornemisza museum in Madrid will remain in Spain. The collection includes works by Monet, Sisley, Renoir, Degas, Rodin, Matisse and Picasso. The Spanish culture ministry says in a statement: “The [culture] minister has managed to agree a solid contract lasting 15 years, with the option for the State to purchase the collection at the end of that period. The annual fee is €6.5m a year for a set of paintings and sculptures with a value of €1bn.”

Spanish government sets January deadline to break deadlock over Thyssen-Bornemisza Museum collection

The Thyssen-Bornemisza Museum in Madrid courtesy Pablo Casares Spain’s culture minister has set a deadline of 31 January to negotiate a deal aimed at keeping the collection of Carmen Cervera in Madrid. The collection of baroness Cervera widow of the industrial tycoon Hans Heinrich von Thyssen-Bornemisza who died in 2002 is housed at the Thyssen-Bornemisza Museum in Madrid. The loan agreement linked to the prestigious collection, overseen by the Spanish government, came to an end in January 2017 without a replacement in place. The Spanish culture and sports minister, José Manuel Rodríguez Uribes, told Efe news agency that he wants to move the “red lines’ over the deal negotiations. We have to see how much the State can give, said the minister, because the current situation is not that of 2019 [when an agreement was about to be reached], and now there is a pandemic ”.

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