The Bay's flagship store in downtown Montreal in March, 2005. Hudson's Bay is putting up for auction hundreds of pieces of store memorabilia and other artifacts.

A painting by Winston Churchill is among the art collection of failed retailer Hudson’s Bay Co. that will go to auction next month.

Fine art auction house Heffel announced the first in a series of online auctions on Thursday as part of a process to sell off the assets of Canada’s oldest retailer.

The entire auction will include hundreds of pieces of store memorabilia and other artifacts, which will be sold on other dates in November and December. The art auction, which includes 27 paintings that Heffel calls the “highlights” of the collection, will take place on Nov. 19.

The auction process was approved at the Ontario Superi

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