Major art collection sold to U.K. galleries

A British art dealer told Wednesday that he has agreed to sell a major collection of modern art to national museums at a discount price.

London art dealer Anthony d'Offay, 68, has agreed to sell 725 works by artists including Andy Warhol, Damien Hirst and Jeff Koons at the price for which he bought them — $53 million. That's just over a fifth of their current estimated value of $250 million. The money has come from the British and Scottish governments and from art funds.

Post by : Sudhir Kundi the Artist