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Hudson's Bay seeks court approval to auction its 1670 Royal Charter for at least $15 million, with conditions to donate it to a Canadian public institution sharing it with Indigenous groups.
Hudson's Bay seeks court approval to auction its 1670 Royal Charter, a key historical document, in October, requiring bids of at least $15 million and a pledge to donate it to a Canadian public institution that shares it with Indigenous groups.
The move follows objections from billionaire David Thomson, who plans to bid and donate it to Manitoba’s Archives.
A prior sale to the Weston family for $12.5 million was delayed.
The company is also preparing to auction over 2,700 artifacts and 1,700 artworks in November, excluding 24 items of Indigenous origin, which will be returned or donated.
The broader auction is part of Hudson’s Bay’s restructuring under creditor protection, raising concerns about cultural stewardship and Indigenous access to heritage materials.
Hudson's Bay busca la aprobación de la corte para subastar su Carta Real de 1670 por al menos $ 15 millones, con condiciones para donarla a una institución pública canadiense que la comparta con grupos indígenas.