Romanian Culture minister, Lucian Romascanu has announced on Thursday that negotiations for the purchase of Brancusi’s ‘Wisdom of the Earth’ sculpture would be resumed and that a new evaluation on the work would be done.
“We resumed negotiations for the Wisdom of the Earth. There are some preliminary stages. We agreed in the discussion with the heirs to have a new evaluation on the work, carried out by an expert named by them and another one appointed by the Culture ministry, so that we can reach a final evaluation. When tis evaluation is over, the state will decided if it exercise pre-emption right or not,” said the Culture minister.
He informed that the Romanian authorities intend to conclude negotiations with the famous sculpture’s heirs by the end of the year, and the funds already raised to be used in this respect.
“I want to use the money. If we cannot do that, the money must be given back. There are some costs related to the reimbursement, there are bank commissions,” Romascanu said.
Moreover, the minister pointed out that the insurance of the sculpture is “extremely expensive” and that it will be on display at the National Museum of Art by February. The work is currently in the museum’s store.
“There is one problem with the Wisdom of the Earth: it’s about its insurance which is extremely expensive and the Museum of Art had no budget for that. We are trying to solve this issue and to be able to put the sculpture on display by February,” Romascanu added.