Blog Posts tagged with American Association of Museums (AAM)

Allen Brisson-Smith for The New York Times

Art Donations - More Orphans Now and in the Future

Posted: November 11, 2013 18:10 Last Updated: | John Buxton

This New York Times article points out a serious problem in the art world that has been created as a result of the new AAM (American Association of Museums) collecting guidelines. Collectors that started after 1970 that are now downsizing as they enter their 60s are finding that they have limited options for passing on their collections. The options are pretty clearly limited for most to giving them to the family or selling them. The wealthiest collectors are creating trusts or foundations to circumvent issues where museums could be compelled to return objects that had been donated and had...


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