Bank to sell art to raise money for charity
Howard Lake | 17 May 2010 | News
One of Ireland’s largest banks, Bank of Ireland, is planning to sell its extensive art collection to raise money for charity, according to a report in the Irish Times.
The bank owns 2,000 pieces of art, one of the largest collections in the country. Valued at €5 million, it will be sold on the open market. Works by Basil Blackshaw, Camille Souter and John Behan are included.
In common with other banks, including its chief competitor in Ireland, Allied Irish Bank, Bank of Ireland has received funding from the Irish taxpayer following the financial crisis last year.
AIB has an art collection of more than 3,000 pieces which was valued at €15 million in 2008.
www.bankofireland.ie
About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.