by Deidre Woollard (RSS feed) Nov 25th 2010 at 6:02PM
The Bank of Ireland has raised around $2 million by selling off some of its Irish artworks. The Washington Post reported that Adam's auction house sold off 144 works this week. Bank of Ireland decided to sell the art after a recent bailout but the money isn't going back to the bank, instead the money will be donated to local charities. The auction was the subject of some controversy with protestors outside protesting the banks. The auction house moved the auction to Dublin's Shelbourne Hotel after noting the large amount of interest in the auction. The auction house is examining the bank's remaining works for potential future sales and Ireland's five other Irish banks are considering the sale of their own art collections. The sale follows other bank-owned art sales around the world.
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