Overview
- Valencia's mayor María José Catalá and regional president Juan Francisco Pérez Llorca signed the agreement in Madrid with The Hispanic Society of America, with director Guillaume Kientz and Blanca Pons-Sorolla participating.
- The works will be shown on a temporary basis preferably at the Museo de la Ciudad, with other technically suitable venues in the city also contemplated.
- The first shipments are scheduled before summer in three thematic groups—Sorolla español, Sorolla americano, and notable portraits—with exhibitions planned throughout the year.
- The planned permanent venue at the Palacio de Comunicaciones remains on hold after the architects' college challenged the tender, leading the TACRC to suspend the procedure.
- Financial terms reported include a €1.15 million annual fee and insurance for a collection valued at over $200 million, with an initial four-year loan and conflicting reports on maximum extensions ranging from up to 15 to up to 30 years.