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| Portugal to sell Joan Miro artwork as objection fails | Portugal to sell Joan Miro artwork as objection fails |
| (35 minutes later) | |
| Portugal is selling 85 paintings by Spanish artist Joan Miro to recoup some of the millions it lost rescuing a failed bank. | |
| The state took over the artworks as part of the assets of Portugal's BPN bank, which was nationalised during the financial crisis in 2008. | The state took over the artworks as part of the assets of Portugal's BPN bank, which was nationalised during the financial crisis in 2008. |
| A court in Portugal earlier rejected an injunction by opposition politicians attempting to block the sale. | A court in Portugal earlier rejected an injunction by opposition politicians attempting to block the sale. |
| The art, valued at $49m (£30m), will be auctioned in London later on Tuesday. | The art, valued at $49m (£30m), will be auctioned in London later on Tuesday. |
| 'Impressive offerings' | 'Impressive offerings' |
| Legislators belonging to the opposition Socialist Party requested the injunction, saying the paintings had been taken out of Portugal illegally. | Legislators belonging to the opposition Socialist Party requested the injunction, saying the paintings had been taken out of Portugal illegally. |
| More than 9,000 people have signed an online petition calling for the collection to be kept in Portugal, according to Reuters news agency. | More than 9,000 people have signed an online petition calling for the collection to be kept in Portugal, according to Reuters news agency. |
| The most highly valued piece in the collection, Women and Birds (Femmes et Oiseaux), is expected to fetch between $6.5m and $11.5m. | The most highly valued piece in the collection, Women and Birds (Femmes et Oiseaux), is expected to fetch between $6.5m and $11.5m. |
| Another of Joan Miro's most valued works, Painting: Blue Star (Peinture: Etoile Bleue), is valued between $4m and $5.7m. | Another of Joan Miro's most valued works, Painting: Blue Star (Peinture: Etoile Bleue), is valued between $4m and $5.7m. |
| The 1927 work set an auction record for the Spanish painter when it sold for more than $37m in London in 2012. | The 1927 work set an auction record for the Spanish painter when it sold for more than $37m in London in 2012. |
| Christie's, the auction house handling the sale, has described the collection as "one of the most extensive and impressive offerings of works by the artist ever to come to auction". | Christie's, the auction house handling the sale, has described the collection as "one of the most extensive and impressive offerings of works by the artist ever to come to auction". |
| The authorities in Portugal have had to enforce drastic austerity measures over the past three years under a bailout agreement. | The authorities in Portugal have had to enforce drastic austerity measures over the past three years under a bailout agreement. |