Anglo’s art collection to fetch just €150k

Anglo Irish Bank’s corporate art collection to be sold at auction next month, has been valued at just €150,000 — a drop in the ocean compared to €25bn it cost the State to bail out the failed bank.

Among the 130-odd paintings, prints, sculptures, and photographs are fine works by Louis le Brocquy, Sean Scully, Tony O’Malley, Stephen McKenna, Felim Egan and Pauline Bewick.

Estimates range from just €50 to €12,000 for the works with the highest for Stephen McKenna’s Basket and Vessels.