The State exercises its right of first refusal on a 17th century painting auctioned in Madrid
24 Jul 2026Effective: 24 Jul 20266 views
Who is affected:
Auction houses, collectors and art market with historical heritage assets
Summary
The Ministry of Culture acquires for €1,300 a work from the Andalusian School of the 17th century auctioned at the Greco auction house in Madrid, exercising the right of first refusal to preserve it as public heritage.
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 on lot 54 of an auction held on May 26, 2026 at the Greco auction house in Madrid. The work, an oil on leather titled 'San Francisco de Asís' from the Andalusian School of the 17th century (65x55.5 cm…
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