ART

Banking on Artworks The Boston-based Bank of New England, faced with losses of more than $1 billion for 1989, has put up for sale its collection of paintings, Gobelin tapestries and other valuables. The nine rare tapestries, named for a 15th-Century French family, once adorned palace walls and recently had been hung in two of the bank’s offices. The collection of 50 paintings put up for sale from the Boston offices include several by Maxfield Parrish, George Innes and Robert Rauschenberg. There was no immediate estimate on how much the sale of the art works will realize. The bank, which blames its red-ink problems chiefly on bad real estate loans, already has sold off assets totaling more than $1.1 billion.