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The so-called bad bank seized 16 paintings from Quinlan who owes large sums to Irish banks. Two of those are to be donated to the National Gallery of Ireland and just four paintings remain unsold – three in London and one in New York.
A spokesperson for NAMA said the agency was very happy with the outcome of the sales.
“Prices were strong and will go toward paying down the debt of the debtor,” he said. ”The whole sales process was very effective.”
Asked about the future of the unsold lots, the spokesman said NAMA will sit down with Christies in the coming days and discuss the options.
“It is the agency’s intention to realise the paintings’ value, however,” he added.
On Wednesday night, one painting was sold at Christies in London, while earlier this month two were successfully auctioned at Christies New York.
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