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Rembrandt for sale, but with a catch

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March 12, 2008|From the Associated Press

Sweden's most expensive painting is up for sale at a steep discount but on very special terms.

The arts academy that owns Rembrandt's "Conspiracy of the Batavians Under Claudius Civilis" said Tuesday that it was willing to let the work go for $49 million, less than half its estimated value.

The buyer, however, must agree to donate the masterpiece to Stockholm's Nationalmuseum, where it is one of the main attractions, said Olle Granath, permanent secretary of the Royal Swedish Academy of Fine Arts.

"It has hung at the Nationalmuseum since 1866. That's where it's going to stay," Granath said in an interview, adding that the cash-strapped academy is selling the painting to raise money for exhibitions and other activities.

The Rembrandt was valued at $120 million, but the academy was ready to offer a 60% discount because of the condition to donate it to the waterfront museum.

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