The amber portrait of Medvedchuk was sold at auction, fetching a price even higher than anticipated.

This was reported by the advisor to the chairman of ARMA, Andrey Poznyak.

The portrait was sold for 6009 hryvnias, which exceeds the starting price of 5225 hryvnias. However, this is one of the least expensive paintings in the collection.

“What the new owner will do with this ‘art object’ remains unknown,” Poznyak writes.

The proceeds from the sale of all paintings will be directed towards supporting the economy and the defense capability of the state.

Property of Medvedchuk

Recall that Medvedchuk's total collection includes 285 paintings, which were divided into two parts: 149 paintings were recognized as having cultural value and worth, while the remaining 136 were valued at nearly 4 million UAH.

The paintings recognized as part of Ukraine's cultural heritage were intended to be transferred to Ukrainian museums; however, the corresponding bill did not pass in the Rada.

Previously, ARMA sold other seized assets of Medvedchuk, including a collection of luxury watches, a Maybach car, ATVs, and buggies.

However, investigative journalists from Bihus.Info discovered that since 2022, law enforcement has struggled to properly arrest companies with shares owned by Medvedchuk, which have active lease agreements for about fifty hectares of land in Kyiv's Osokorky. Allegedly, law enforcement conducted a formal arrest but did not immediately approach the state registrar to file the data, resulting in ownership changing hands later on. After the intervention of the Ministry of Justice, the case went to court.