According to a report in the Evening Standard yesterday, British Airways has come up with a new way to raise funds – selling off the best of the artwork in its lounges.
The newspaper reports that Sothebys has been employed to value the works, with a view to adding some to an upcoming sale as quickly as possible. The timing isn’t great, however, with in-person auctions currently suspended and online sales not proving to be hugely successful.
The works are worth more than you think. The artworks, which will also include some currently hanging on the walls of the Waterside head office, include pieces by Bridget Riley, Damien Hurst and Peter Doig. At least one is worth over £1 million.
Whilst not mentioned in the article, the BA art collection is known to also include works by Patrick Heron, David Nash, Chris Ofili, Anish Kapoor, Tracey Emin, Gary Hume and Donald Judd.
In one of the more bizarre British Airways quotes I’ve seen recently, a source is quoted by the Standard as saying:
“We are in a very dark place.”
Here are a few of the pieces which may be coming under the hammer. Bridget Riley:
PS. If the worst comes to the worse, BA can always raise a few pounds from these:
As you can see here, these Moooi lamps go for £4,700 each when new ….
How to earn Avios from UK credit cards (November 2022)
As a reminder, there are various ways of earning Avios points from UK credit cards. Many cards also have generous sign-up bonuses!
In February 2022, Barclaycard launched two exciting new Barclaycard Avios Mastercard cards with a bonus of up to 25,000 Avios. You can apply here.
You qualify for the bonus on these cards even if you have a British Airways American Express card:
There are two official British Airways American Express cards with attractive sign-up bonuses:
You can also get generous sign-up bonuses by applying for American Express cards which earn Membership Rewards points.
Run your own business?
We recommend Capital On Tap for limited companies. You earn 1 Avios per £1 which is impressive for a Visa card, along with a sign-up bonus worth 10,000 Avios.
You should also consider the British Airways Accelerating Business credit card. This is open to sole traders as well as limited companies and has a 30,000 Avios sign-up bonus.
There are also generous bonuses on the two American Express Business cards, with the points converting at 1:1 into Avios. These cards are open to sole traders as well as limited companies.
Click here to read our detailed summary of all UK credit cards which earn Avios. This includes both personal and small business cards.