RBS considers selling from its art collection
Royal Bank of Scotland (RBS) has revealed that it is considering selling pieces of fine art from its £15 million collection.The banking group is in the process of reviewing its collection as part of a nationwide restructuring plan that will see it close 300 branches over the next four years.
It is currently investigating interest among museums for some of the pieces.
Works by Frank Auerbach, Johann Zoffany, David Hockney and Jack Vettriano are included in the collection, but the bank is unlikely to part with its most famous paintings.
Speaking to Bloomberg, spokesperson Linda Harper said: "We'll have less buildings and less of a need for the art we've acquired.
"No decisions have been taken yet, but we will not sell any pieces of art that are of heritage or of historical importance."
Earlier this month, RBS revealed plans to display some of its artworks at hospitals and galleries across Scotland. It will also loan some of its collection to the Scottish National Portrait Gallery ahead of its 2011 reopening.
