NY auction house to sell works from Israel Museum

AP News
Posted: Sep 30, 2011 1:46 PM
NY auction house to sell works from Israel Museum

Sotheby's auction house in New York will be selling works from The Israel Museum in the coming months.

The auction house said Friday that Rene Magritte, Camille Pissarro and Georges Braque are among the artists whose works will be sold during auctions in November and December.

Additional works will be offered in London in November and February. The total is expected to bring more than $17 million.

Among the highlights is Magritte's "The Straight Road." Its pre-sale estimate is up to $3.5 million.

Israel Museum Director James Snyder says in a statement that the sale will eliminate redundancies in its collection and generate funds for future acquisitions.

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The Jerusalem museum completed a three-year renewal project in 2010 that included the re-evaluation of its collection.