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Europe's museums selling off masterpieces

With government subsidies being cut back, they need income from art sales to close budget gaps, make repairs or finance expansions

The outdoor Eduardo Chillida steel benches at the Westphalian State Museum for Art and Cultural History in Munster, Germany, estimated at two million euros, were created as a homage to the end of the Thirty Years' War in 1648.

"There's an expression in German: 'Don't sell your family silver'," said Mr Arnhold . "If you sell important art works, that means selling a part of your history."

Münster, Germany

THE director of the art museum here dreads the idea of losing some of his town's biggest cultural attractions. He worries about a Henry Moore sculpture that has been on exhibition for almost 40 years, knowing it could vanish along with Renaissance panels and Eduardo...

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