To Sell Or Not to Sell, That Is The Question Some U.S. Museums Mull

  • February 08, 2021 15:40

  • Email
Jackson Pollock’s Red Composition (1946), which the Everson Museum sold at Christie's for a hammer price of $12 million in October 2020.

Financial strains exacerbated by pandemic-related impacts have left some museums across the U.S. struggling with the question of whether to deaccession artworks.

In the early part of the coronavirus pandemic, when the economy tanked, the Association of Art Museum Directors (AAMD) relaxed rules around selling artwork from museums' collections. New guidelines stipulated that funds raised could be used for more than buying other artworks, without penalty, at least until April 2022.

Since spring 2020, a number of museums have sold, attempted to sell, or considered deaccessions of artworks, with varying reactions from critics.

“Although the de-accessioning ‘virus’ is deeply depressing, it doesn’t altogether surprise me,” art scholar David Anfam said in an email to ARTnews, refering to the myriad issues that public institutions now face, from considerations in diversifying collections to staying afloat. “To put it crudely,” he said, “are they treasure houses for the elite or community centers? Doubtless, the answer lies between the two extremes. The dilemma is, where?”

Read more in Andrew Russeth's article for ARTnews.

Read more at ARTnews

  • Email

More News Feed Headlines

Room 24: Four grand panels of Fragonard’s series The Progress of Love are shown together at Frick Madison in a gallery illuminated by one of Marcel Breuer’s trapezoidal windows.  This view shows two of the 1771 –72 paintings, with two later overdoors visible in the next gallery; photo: Joe Coscia

Get A Sneak Peek Of The Frick Collection Newly Installed At The Breuer Building

  • ArtfixDaily / March 4th, 2021

The Frick Reframed: The Frick Collection Presents Highlights Reconsidered at Frick Madison A temporary move during ...

Christopher Monkhouse.  Robert P.  Ruschak photo

Christopher Monkhouse, Renowned Curator, Remembered

  • Apollo / March 4th, 2021

Morrison Heckscher, Curator Emeritus of the American Wing at the Metropolitan Museum of Art, New York, writes for ...

Rare blue-and-white bowl from China's Ming dynasty to be auctioned at Sotheby's New York.

$35 Yard Sale Find Could Bring Up To Half A Million At Auction

  • Guardian / March 3rd, 2021

A blue-and-white bowl purchased for $35 by an eagle-eyed antiques enthusiast at a yard sale has turned out to be an ...

Sir Winston Churchill, ‘Tower of the Koutoubia Mosque,’ 1943.  Sold for $11.5 million at Christie's, London.

Angelina Jolie's Winston Churchill Painting Fetches $11.5 Million

  • New York Times / March 3rd, 2021

British Prime Minister Winston Churchill, an amateur artist, gifted a landscape painting to President Franklin D. ...


Related Press Releases

ARTFIXdaily Artwire