PPF Group Expands Its Art Collection
PPF Group has made a major addition to its art collection. It agreed with Česká pojišťovna (Czech Insurance Company) to purchase the “crown jewels” of the institution’s art collection late last year. Once the Ministry of Culture of the Czech Republic confirms the transaction, PPF’s collection will increase by 278 paintings and other works of art by major Czech authors. PPF Art manages the collection.
- PPF Group has agreed to purchase a set of works of art from the “crown jewels” of Česká pojišťovna’s art collection
- The set consists of 278 works of art, mostly paintings, by major Czech artists
- The transaction will be completed once confirmed by the Ministry of Culture of the Czech Republic; the Ministry will issue its position on the transfer of the works listed as national heritage by the end of this June
- PPF Group expects to further expand its art collection and to present it to the general public
The set of works of art which will become part of PPF’s collection after the completion of the transaction is a cross-section of Czech painting, ranging from the end of the 19th century to the present time. Earlier works include for example paintings by Václav Brožík, Alfons Mucha, Vojtěch Hynais, Mikuláš Medek and František Foltýn; from living authors, the collection includes Tomáš Císařovský, Jiří Sopko, Jaroslav Róna, Petr Nikl, Jakub Stretti, Václav Stratil and others.
PPF Art has been managing Česká pojišťovna’s art collection during the last decade, organising exhibits of selected portions of the collection at Česká pojišťovna Gallery and developing the collection in terms of concept. In connection with the gradual sale of the ownership interest in Generali PPF Holding, which includes Česká pojišťovna, the companies have agreed on the sale of a part of the collection referred to as the “crown jewels”. “We plan on expanding the art collection in the future. We will discuss its concept with curators and independent experts,” Jan Řehák, PPF Art Director, says on the collection’s future development and adds: “In the nearest future, we want to show at least a part of the collection to the general public in a suitable exhibition venue that will be large and presentational enough.”