Government buys Munkácsy masterpiece ‘Golgotha’


The government has purchased the painting "Golgotha" by renowned 19th century Hungarian artist Mihály Munkácsy for HUF 3 billion from private collector Imre Pákh, Gergely Gulyás, the minister heading the Prime Ministerʼs Office, said in Budapest on Wednesday.

The state of Hungary had been eyeing the monumental "Golgotha" for years. Hungarian-born American art collector Imre Pákh acquired the painting in 2003.

The work is one of the famous "Christ Trilogy" by Munkácsy (1844-1900). The state has owned "Ecce Homo!" for years and acquired "Christ before Pilate," another of the three, from Canadaʼs Art Gallery of Hamilton for USD 5.7 million in 2015, with funding from a National Bank of Hungary (MNB) program to acquire national art treasures.

In 2015, talks between the Hungarian government and Pákh on the possible sale of "Golgotha" fell through. The state had offered USD 6 mln for the painting, but Pákh wanted USD 9 mln.

The collector then signalled he was ready to have the painting removed from the Déri Museum in Debrecen. The government later initiated a procedure to list the painting to prevent its permanent removal from the country. Pákh in response ordered the painting to be veiled from public view.

In 2016, the Hungarian heritage authority decided to give "Golgotha" protected status. Pákh appealed the decision, but his claim was rejected. The following year, the Kúria, Hungaryʼs highest court, ordered a retrial of the case and the ensuing court procedure lifted the workʼs protected status.

In summer 2018, Gulyás indicated that the government would offer HUF 3 bln for the painting, equivalent to some USD 10.8 mln.

Zwack Profit Falls 16% Figures

Zwack Profit Falls 16%

EC Advances Infringement Procedure Over Hungary's Sovereignt... EU

EC Advances Infringement Procedure Over Hungary's Sovereignt...

Hell Energy Inaugurates HUF 80 bln Capacity Expansion Manufacturing

Hell Energy Inaugurates HUF 80 bln Capacity Expansion

Puskás Arena to Host 2026 Champions League Final In Budapest

Puskás Arena to Host 2026 Champions League Final


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.