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The Wall Street Journal

$70 Million in Artwork at MoMA to Be Offered to Lengthen Museum’s Digital Attain

A basis for CBS founder William Paley plans to public sale off a trove of masterpieces lengthy lent to New York’s Museum of Trendy Artwork for no less than $70 million this fall to develop the museum’s digital footprint.

The work and sculptures—by artists together with Picasso, Renoir and Rodin—have been in MoMA’s care since Mr. Paley died in 1990. On Tuesday, his namesake basis confirmed it had enlisted Sotheby’s to public sale off 29 of his 81 items at MoMA. Many of the proceeds are earmarked to develop the museum’s digital presence, from probably launching its personal streaming channel to doubtlessly shopping for extra artwork, digital or in any other case.

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