Bank of America to Auction Art for Nonprofits

NEW YORK—The Bank of America will auction four paintings from its art collection at Sotheby’s on Wednesday to raise money for three New York nonprofits, reports Bloomberg.

The works include N.C. Wyeth’s Port Clyde, Maine and his son Andrew’s The New Table as well as Oscar Berninghaus’s Opening the West (Stagecoach Through the Missouri Hills) and William Trost Richards’s Newport Beach. The high estimates of the four works total $1.45 million. Proceeds will go to the Police Athletic League, which provides recreation for children, Bette Midler’s New York Restoration Project, and the New York Public Library.

The works will be part of Sotheby’s sale of American paintings, drawings, and sculpture, which includes works by John Singer Sargent and Georgia O’Keeffe and is expected to draw between $45 million and $68 million. Bank of America has several thousand artworks in its collection, most of which are on display in its banks and offices nationwide or on loan to museums.