On the walls of the Heffel Fine Art Auction House in Toronto, 27 paintings from the Hudson’s Bay Company’s art collection hang on display ahead of a scheduled auction.

The historic paintings are part of the former company’s more than 4,000 items, including paintings and retail artifacts, which will be sold.

“There is provenance in the history that art plays a role in value, and all of these paintings have tremendous provenance, and the Hudson’s Bay is that provenance,” said David Heffel, President of Heffel Fine Art Auction House.

Before the department store chain’s closure, many of the 27 main paintings were housed in the company’s Toronto headquarters. Among the favourites up for auction is a painting by former U.K. Prime Minister Sir Winston Churchill, titled “Marrakech”, with an est

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