SPANBROEK, Netherlands—Officials at the Scheringa Museum of Realist Art say that ABN Amro Bank has seized 130 paintings from its collection, reportedly to cover a $48 million loan that the museum’s namesake owner — Dirk Scheringa, president of the DSB Bank — has failed to repay.

The paintings were owned by DSB Beheer, which owns DSB Bank and was declared bankrupt this week. It now appears that Dirk Scheringa pledged the paintings at the museum as collateral for the loan.

Officials at the museum estimated the total value of the works at $60 million. The collection includes works by Dutch magic realists like Carel Willink and Dick Ket.

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