Wednesday, February 03, 2016

The Aristophil collection isn't selling

Albert Einstein's notebook and Dead Sea Scrolls fragments among historic manuscripts struggling to find buyer. The value of the collection amassed by the Aristophil group has been estimated at hundreds of millions of euros (Nick Clark, John Lichfield, The Independent).
It is believed that close to 600 institutions and potential private investors have now been sounded out about a bid. Although the collection would enrich the home of any billionaire, it is hoped that a museum, foundation or gallery will come forward.

But it appears that interest has not been overwhelming. The original deadline for bids, ends on Wednesday but a French court hearing is expected to extend that date.

Sources in the art world suggest the collection may be overvalued, and that a top asking price of €100m might be more realistic.

“Yes, 5 per cent of the collection is extraordinary, but the remaining 95 per cent is insignificant,” one antiquarian bookseller told the Financial Times.
I'm curious to know more about the Dead Sea Scroll fragments in the collection. Not that I'm planning to submit a bid.

Background here and here.