Cash-Strapped Bank of Ireland Auctions Off its Art Stockpile at Dublin’s Shelbourne Hotel

DUBLIN (AP).- Bank of Ireland has raised euro1.5 million ($2 million) in a sale of its prized Irish art works, auctioneers said Thursday, but the money won’t be used to shore up the troubled lender amid the country’s economic gloom. Adam’s auction house said 144 works sold Wednesday night, when more than 500 people packed into the glitzy ballroom of Dublin’s Shelbourne Hotel, hours after the government announced the toughest budget cuts in the country’s history. The event highlighted the [...]