27/06/08 - The Co-operative Financial Services Announces Its New Art Policy And Releases Hidden ‘Artwork Gems’
The Co-operative Financial Services (CFS) through The Co-operative Bank, The Co-operative Insurance and The Co-operative Investments continually focuses on its ethical approach to business. With this in mind CFS is currently developing a new art policy which will concentrate on this approach particularly in the fields of regeneration, the environment and working together in the Co-operative spirit.
In addition to new purchases within this policy, CFS plans to increase its support for community art projects in Manchester and elsewhere. To finance these new activities CFS will sell its existing collection of mostly mid-20th century British art works. This collection was put together some years ago and whilst of high quality, it does not reflect CFS’s values.
On the 2nd July two pieces of Lowry artwork, ‘The Footbridge’ and ‘The Farm’, will be auctioned in London by Bonham’s. Capes Dunn & Co Auctioneers will then be holding a 20th Century Art Sale on 15th July at the Urbis in Manchester where CFS will be releasing a wider range of artwork for sale including two paintings by Arthur Delaney and a signed and numbered Picasso etching.
As part of its new branding programme The Co-operative Financial Services is due to refurbish its two major occupancies in Manchester. Specific areas will be set aside to showcase examples of its new ethical art project
John Reizenstein, Managing Director, Corporate & Markets at CFS, said of the sale, “Some years ago the decision was taken to invest in artwork; however CFS now feels that it would be more appropriate to offer these pieces of artwork for sale. We will reinvest the proceeds in art that will benefit our working environment and we will also enhance our involvement with community art projects”.
Ends - 27th June 2008
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