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.