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Four Matisse pieces scheduled to go up for auction

on Tuesday,January 18,2011 21:01

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Many people thought that Henri Matisse's works were no longer going to return to auction after his last piece sold for more than $48 million. However, one museum has decided to cash in on the popularity of the artist and provide enthusiasts with the opportunity to add to their collection.

Recently, the Burnett Foundation announced that it will put four works by Matisse up for sale. Four sculptures from the Backs collection will be removed from the Kimbell Art Museum in Texas as the works make their way to auction. However, the foundation says it will give two pieces to the museum as compensation for the loss.

"Over the years, the value of the Backs has grown significantly," executive director Neils Agather said, according to the Star-Telegram. "It now far exceeds anything that could justify owning them as a part of the foundation's main mission, which is to support activities in the community and not to own art."

Sotheby's auction house will be responsible for selling the four Matisse pieces. However, a date has yet to be established for the sale.

Employment of artists is projected to increase by 12 percent over the next seven years, according to the Bureau of Labor Statistics. 
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