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5th December, 2018

MNB spends Ft 900mn on paintings

The MNB is buying more paintings for a total of Ft 890 million in its Value Treasury programme, the central bank announced on Tuesday.

MNB will acquire the ownership of Holy Family with Washer Woman by French artist Sébastien Bourdon (1616-1671) for €250,000, Dusty Road by Hungary’s Mihály Munkácsy (1844-1900) for Ft 500 million, and eight portraits by an unknown artist of famous Hungarian personalities for €400,000.

The MNB has completed the purchase of 14 paintings by Lajos Vajda (1908-1941) for Ft 181.5 million. These 14 artworks are stored in the National Gallery.

Sources regularly consulted, with abbreviations used in text: Népszabadság (N); Magyar Hírlap (MH); Világgazdaság (VG); Napi Gazdaság (NG); Magyar Nemzet (MN); Népszava (Nsz); Kossuth Rádió news (KR); nightly TV news (TV).

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