Failed deal on Brancusi’ “Wisdom of the Earth.” Owners slam Gov’t bid

The owners of Brancusi’s “Wisdom of the Earth” sculpture on Wednesday slammed the Government for submitting ‘a shameful bid’ to buy the masterpiece, while threatening that the Romanian state “most probably would not be the sculpture’s next owner”.

The current owners’ lawyer told Mediafax that the Romanian Gov’t makes a jest of the offer. Bogdan Grabowski added the negotiations might be over and now it’s all up to Romania’s Government and to the prime minister to seriously bid for the sculpture.

‘The first refusal held by the Romanian Government, which expired on October 4 last year, is borne in the limits set by the owners. The bid request is for EUR 20m (…) If the states proposes 1 or 2 million euros, we have nothing to talk about’, the lawyer said.

In his opinion, if the Romanian state considers that Brancusi is worth 1 or 2 million euros, then “it’s cutting its own throat.”

The Government approved on September 10, 2014 a memorandum providing for the start of negotiations for the acquisition of “The Wisdom of the Earth”, a masterpiece by sculptor Constantin Brancusi; the Ministry of Culture was thus empowered to exercise its pre-emption right and see to the negotiations.

The statue, which belongs to a private Bucharest collection, was put up for sale and was presented on September 8, 2014 at the private exhibition “Showcasing Romanian Avant-garde Art from Private Collections, on exclusive display” organized by Artmark on the occasion of the visit of some important international collectors.

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