News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Investment Banking

Deutsche Bank plans to sell 200 artworks from collection of more than 50,000 pieces

Deutsche Bank has around 55,000 works of art in 900 locations.

Deutsche Bank, which is in the midst of a cost-cutting exercise that will eventually eliminate 18,000 jobs, is set to slim down its enormous art collection.

The German lender, which displays around 55,000 works of art around 900 locations including its major global offices, is expecting to raise funds in the range of “low double-digit millions” as it sells around 200 pieces from its collection deemed not central to its focus on contemporary artists.

WSJ Logo