News
Ireland's 'bad bank' ventures into the art market
It's a long way from its core business (debt management/repayment plans), but Ireland's so-called bad bank is getting involved in the international art market. Created to buy risky loans from the country's beleaguered banks, the National Asset Management Agency (NAMA) is placing a number of artworks on the market, including an Andy Warhol Dollar Sign, to recoup some of the debts of one of Ireland's biggest real estate investors during the Celtic Tiger property boom.
Image: Andy Warhol's Dollar Sign