The State exercises its right of first refusal on a watercolor by Mariano Fortuny auctioned in Madrid
12 Nov 2026Effective: 12 Nov 20262 views
Who is affected:
Auction houses, collectors and buyers of Spanish historical heritage assets
Summary
The Ministry of Culture acquires a Fortuny watercolor auctioned at Abalarte for 3,750 € using its right of first refusal. The work will go to the Museo del Romanticismo.
Detailed analysis
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The Ministry of Culture exercises the right of first refusal recognized in Ley 16/1985 del Patrimonio Histórico Español to acquire a watercolor by Mariano Fortuny ('Ciociara tocando el acordeón', c. 1867) auctioned at the Abalarte auction house in Madrid for 3,750 €. This right allows the State to match the hammer pric…
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