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Fri 05 May 2011Nama to give a 'Return from Market' to gallery
THE NATIONAL Asset Management Agency has yet to turn a profit, but the National Gallery is to get a market return from the agency’s activities.
A painting by John Lavery entitled The Return from Marketis to be donated to the gallery by Nama in return for the gallery storing the art collection of property financier Derek Quinlan, which Nama has seized and is in the process of selling. Mr Quinlan, who owes Nama some €230 million, handed over a dozen paintings – including the Lavery – after Christmas.
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