Newspaper article The Evening Standard (London, England)

Forbes Family Sells [Pounds Sterling]5 Million Art Hoard from Their London Home

Newspaper article The Evening Standard (London, England)

Forbes Family Sells [Pounds Sterling]5 Million Art Hoard from Their London Home

Article excerpt

Byline: Louise Jury Chief Arts Correspondent

THEY are a family who love making money and spending it collecting.

Now the sons of the late flamboyant publishing magnate Malcolm Forbes are selling [pounds sterling]5 million of artwork from their London home.

The art has been bought over decades since Christopher "Kip" Forbes told his father he could assemble a collection of Victorian art for what Malcolm had spent on a single Monet Water Lillies.

But with brothers Steve, Robert and Timothy less keen on the Victorians, it has been agreed to sell a dozen paintings to give them a share of the value.

All the works have hung for years in Old Battersea House, the riverside home the brothers use in London.

They are being sold by The Fine Art Society, the Forbes' family dealers since 1968. The family has sold works before, with an auction of about 300 pieces six years ago raising [pounds sterling]17 million. But this sale is expected to be the last.

The paintings include two important works by the Pre-Raphaelite Sir John Everett Millais, For The Squire and Trust Me, each on sale for [pounds sterling]850,000, and another two by Sir Edward BurneJones, Princess Chained To The Tree and Mirror Of Venus, worth [pounds sterling]1 million between them.

The most valuable is Portrait Of A Baby -- Miss Amy Brandon Thomas by James Abbott McNeill Whistler, which shows the daughter of Charley's Aunt playwright Walter Brandon Thomas. It is on offer for an undisclosed sum.

Speaking from New York, Kip said he was not very sad to see them go: "One has had a great deal of fun with them but my siblings and I have fun moving things around. I used to say I liked my artists safely dead, but I don't mind them alive now."

His new interest in living artists includes allowing students from the drawing school run by the Prince of Wales -- a personal friend -- to use the Battersea house as a studio.

But it also includes a collection of memorabilia connected with the royal family, including Queen Victoria's undergarments -- kept tactfully in a bathroom cupboard so as not to embarrass Prince Charles when he visits. …

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