Coronavirus: struggling US museums sell art from Monet to Warhol, sparking debate

Apr 4, 2021 | INVESTING

US museums hit hard by the pandemic are selling paintings to bridge revenue gaps, with some going further and using the funds to diversify collections, but critics say the sales betray the institutions’ mission of preserving artwork for the public.US museums were only able to sell works, known as deaccessioning, in order to buy back others until April 2020 when the Association of Art Museum Directors (AAMD) lifted the ban for two years to allow institutions to compensate for coronavirus-era…

Read More

Pin It on Pinterest