The State acquires a portrait by Federico de Madrazo through right of first refusal at auction
07 Oct 2026Effective: 07 Oct 20262 views
Who is affected:
Durán auction house, Friends of the Prado Museum Foundation and potential private buyers
Summary
The Ministry of Culture exercises the right of first refusal to acquire an oil painting by Federico de Madrazo auctioned in Madrid for 8,000 euros, intended for the Friends of the Prado Museum Foundation.
Detailed analysis
PRO
The Ministry of Culture, through the General Directorate of Cultural Heritage and Fine Arts, exercises the right of first refusal recognized in Ley 16/1985 del Patrimonio Histórico Español over an oil on zinc by Federico de Madrazo y Kuntz titled 'Retrato de Pedro de Madrazo y Kuntz' (c. 1842), auctioned at the Durán a…
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