"The 14 paintings have been independently valued by Nama for about €1.7 million. Individual valuations show most have dropped sharply in value – in some cases by 60 per cent – since they were bought. For example, Mr Quinlan paid £540,000 (€615,000) to a dealer in New Bond Street, London, for an abstract painting by William Scott in 2007. It has now been valued at just €200,000." [Read Full Article]
Published by: The Irish Times
On: 08/18/11
Website: http://www.irishtimes.com
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