Estonian Artists Association to auction artworks to recoup 700,000 fraud loss
The Estonian Artists’ Association (EKL) will auction works from its collection and newly donated pieces to cover part of a €700,000 fraud loss sustained in May, board member Jaanus Samma said.
The auction, scheduled for Oct. 8–10, will include works acquired from spring and fall exhibitions featuring well-known Estonian artists. Samma, who also serves on the art infrastructure council, said the association chose to sell artworks rather than studios where artists work. “When faced with the choice of selling a studio or a painting, it is less painful to give up the painting,” he said .
The event will showcase a range of techniques and mediums to reflect the diversity of the association. Samma noted that the auction is not a typical commercial venture. “Our plan is not to enter the auction market. This will definitely be very different from classic fall auctions,” he said .
The association will retain works depicting artistic life, including pieces where artists portray each other, their work, or their studios. Graphic works with duplicate prints will also be partially sold, with one copy kept. Fresh donations from artists, including well-known names from different generations, will play a major role in the auction. Some artists approached the association to donate works even before the auction decision was made.
EKL has not estimated the potential revenue from the sale. “We certainly do not expect to cover the entire lost amount. But even part of it would be a big help,” Samma said. The selection process considered market potential, with an emphasis on works likely to attract buyers .
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