Archive for September, 2010

October Art Sale?

September 22, 2010

The New York State Board of Regents, in an unexpected action, will allow regulations concerning museum deaccessioning practices to expire on October 8th.

Barring some other action, this will allow New York museums and other cultural institutions in the state to sell artwork from their collections to fund general operating expenses and other purposes. Such sales are usually frowned upon by art ethics organizations which typically take a position that art in institutional collections should only be sold to generate funding for the purchase of other artwork.

Richard Brodsky said to the NY Times that the action, “…removes a substantial obstacle to the monetization of art held in the public trust” and [the Board’s failure to halt the lapse] could cause “the transfer of art from public to private hands.”

Update/clarification:  It seems that the fears of museums selling off their collections to pay for general operating expenses has been overblown.  The regulations set to expire are/were temporary measures, as described here.  Existing general regulations continue to prohibit the use of art sale funds for operating costs.  Artifactum will post links to the regulation in the near future-check back.

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