Super fund puts $9m collection on the block
The 310 works in the Cbus Collection, acquired on behalf of the building industry unions, are the second corporate collection to be sold this year.
It’s shaping up as the year that major corporations “let go” of their multimillion-dollar art collections as they reshuffle their priorities.
Just months after National Australia Bank put its $10 million cache of art on the market, superannuation fund Cbus has announced it, too, will divest itself of its entire art collection in a sale expected to raise more than $9 million.
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