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Showing posts with the label John Lavery

NAMA Secret Art Auctions...

Nama declines to issue list of art collections to be auctioned... A NUMBER of valuable artworks seized by the National Asset Management Agency from property developers are to be put up for auction in the coming months. However, Nama has declined to provide a list of the art collections it has acquired, saying only that it was “keenly interested in getting best prices for the works”. Last month, the agency published a list of assets it had for sale but it made no reference at that time to the various art collections seized from developers who own billions to the banks. While the agency will not name the individuals involved, it has already seized the art collection of Derek Quinlan – a former tax inspector turned property speculator, and resident of Shrewsbury Road, Dublin 4 – who moved to Switzerland in 2009. It is expected other collections assembled during the boom will come under Nama’s control in the months and years ahead as the assets of other developers and companies a