As it prepares to exit its retail-banking business in Mexico, Citigroup Inc. is taking on a task more often handled by museum curators or owners of art galleries: cataloging a collection of 4,000 paintings, textiles and historic buildings to be included in the transaction.
The massive collection, which will be part of the sale, includes 700 pieces that are considered of national importance, including one by famed artist Frida Kahlo and a dozen by her partner Diego Rivera. Together, the vast trove held by the financial firm, known locally as Banamex, is considered one of the world’s best private collections of Mexican art.
