The Soviet sale of Hermitage paintings in 1930 and 1931 resulted in the departure of some of the most valuable paintings from the collection of the State Hermitage Museum in Leningrad to Western museums. Several of the paintings had been in the Hermitage Collection since its creation by Empress Catherine the Great. About 250 paintings were sold, including masterpieces by Jan van Eyck, Titian, Rembrandt, Rubens, Raphael, and other important artists. Andrew Mellon donated the twenty-one paintings he purchased from the Hermitage to the United States government in 1937, which became the nucleus of the National Gallery of Art in Washington, D.C.
In the late 1920s, the Soviet government urgently needed foreign currency to finance the rapid industrialization of Russia ordered in the first Five Year Plan. The government had already sold off collections of jewelry, furniture and icons seized from the Russian nobility, wealthy classes, and the church.
In February 1928, the State Hermitage Museum in Leningrad, along with the Russian Museum, was ordered to make a list of art works worth at least two million rubles, for export. A special agency called 'Antiquariat' was created under the Narkompros (the People's Commisariat of Enlightenment) and opened an office in Leningrad to oversee the sale. The Hermitage was instructed to sell 250 paintings for at least 5000 rubles each, plus engravings and a number of golden treasures from ancient Scythia.
The sale was secret, but word was quietly spread to selected western art dealers and collectors that the paintings were on the market.