Christie's cancels Miro art sale over Portugal dispute
LONDON (AFP) - Auction house Christie's on Tuesday said it had cancelled the London sale of 85 paintings by Spanish master Joan Miro, valued at more than 36 million euros (S$61.7 million), over a legal dispute in Portugal.
The paintings became Portuguese state property following the nationalisation of the BPN bank in 2008 and their sale has been met with fierce opposition by art lovers in Portugal.
But the cash-strapped Portuguese government has argued that the sale of the paintings would bring a much-needed injection of funds.
Earlier on Tuesday, a Portuguese court rejected a request from the opposition Socialist party for the sale to be halted.