France renounces to buy a $165M Rembrandt

The Standard Bearer by Rembrandt, a painting classified "national treasure", valued at 165 million euros, will be returned to the art market. French government has finally given up its acquisition right. Rembrandt van Rijn (1607-1669),Flag Bearer , 1636, 125 x 105 cm, oil on canvas.
This painting, a portrait painted in 1636 at the age of 30 by Rembrandt, belongs to private owners, members of the Rothschild family, who wished to sell it and had applied for an export certificate for this purpose in 2019, which were refused in April of the same year. French law indeed allows starting from a certain value and concerning this type of paintings, to leave to the State the possibility of buying the work for the national collections by classifying it for a period. of 30 months " national treasure ".

The French state acquired in 2016 another Rembrandt, classified as a “work of major heritage interest” for 80 million euros, the maximum it has ever spent on a painting, according to the ministry. “This is an assumed decision taken in particular in view of the exceptional level of the price of this painting. The very dynamic acquisition policy of our museums remains unchanged, ” said the ministry.
Seen in Le Journal des arts.

France renounces to buy a $165M Rembrandt

The Standard Bearer by Rembrandt, a painting classified "national treasure", valued at 165 million euros, will be returned to the art...