NGA wrote off $5.6m cost of Shiva

22 Oct 2014 11:54 AM | Anonymous

NGA wrote off $5.6m cost of Shiva

     

by:michaela boland

THE National Gallery of Australia paid $5.6 million for its 900-year-old Dancing Shiva from disgraced dealer Subhash Kapoor in 2008 but by the time Prime Minister Tony Abbott last month handed back the looted bronze effigy, it was valued at $6m.

The NGA’s annual report reveals the gallery wrote off the loss of the piece last financial year, after having accepted without challenge India’s request for its return. There was no mention of the remaining two dozen Kapoor pieces in the gallery’s collection, worth about $6m collectively.

Those items include a pair of 15th century Door Guardians from Tamil Nadu and a sixth-century Serpent King thought to be from Madhya Pradesh.

http://m.theaustralian.com.au/arts/visual-arts/nga-wrote-off-56m-cost-of-shiva/story-fn9d3avm-1227096577939?nk=c898ddafa855c4cb78ca39f7a7645fcc