Hudson's Bay, Canada’s oldest company, has petitioned the Ontario Superior Court to allow the auction of its original royal charter and a vast collection of 1,700 artworks and over 2,700 artifacts. The request comes as the department store chain navigates financial troubles and seeks a more expert-driven sale process for these significant items. The auction aims to recognize the artifacts' cultural and historical significance, with interest expressed from various museums and institutions for public exhibition opportunities. This move highlights the balance between monetization and public heritage access.
Hudson's Bay seeks court approval to auction its historical royal charter, 1,700 pieces of art, and 2,700 artifacts, aiming for careful and expert handling.
The department store chain aims for a separate auction process to ensure the cultural significance of its artifacts while complying with relevant legislation.
Interest from museums and institutions suggests the desire for public access to these historical items, balancing profit and public heritage.
The managing director stresses a transparent auction is essential for monetizing the art collection while honoring its history and compliance with laws.
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