The Met plans to use money from art sales to help it survive the pandemic. Critics say it’s a dangerous precedent.
The Metropolitan Museum of Art approved a policy last week that allows proceeds from the sale of works from its collection to be used for salaries and overhead costs associated with the collection’s care.
The Met seeks to thin its permanent collection to make ends meet
The Metropolitan Museum of Art, complaining of poor gate receipts, is selling part of its permanent collection to pay operating costs
The Met Considers Selling Its Art To Stave Off Financial Shortfall
The pandemic is causing The Metropolitan Museum of Art in New York to consider selling its artwork to cover operational costs as it falls short of $150 million in revenue.
‘This Is Something We Can Handle Professionally’: Met Director Max Hollein Defends His Controversial Deaccessioning Proposal
Many in the art industry are up in arms over the world’s richest museum possibly using funds from the sale of artworks to shore up revenue losses.
While the Met contemplates selling its treasured art, rich trustees sit idle
That was some bombshell that New York’s Metropolitan Museum of Art dropped into the news cycle the other day.
Rumbles of dissent emerge over Met’s proposal to expand deaccessioning
As museum mulls art sales to finance collections care, critics worry that its example could open the floodgates for US art institutions
Facing Deficit, Met Considers Selling Art to Help Pay the Bills
Like many museums, the Met is looking to take advantage of a relaxation of the rules governing art sales to care for collections.
Deaccessioning After 2020
A virtual 2-day symposium that aims to comprehensively address collections and deaccessioning in the context of the economic fallout of the pandemic and the national call to rethink the role and responsibilities of museums and their collections in an increasingly diverse and complex world. The symposium’s agenda reflects a broad set of perspectives and taps experts from across the art and museum world, from directors and trustees, to seasoned museum professionals, scholars, legal experts, artists, auction houses, journalists, and influencers.
Following $12 M. Pollock Sale, Everson Museum Acquires Contemporary Works by Shinique Smith, Ellen Lesperance, More
The Everson Museum of Art in Syracuse, New York, has announced the acquisition of seven works by emerging and mid-career artists to its permanent collection, including works by well-known artists Shinique Smith and Ellen Lesperance, as well as pieces from local artists. The newly acquired works will be featured in the museum’s upcoming exhibition “Who What When Where” scheduled to open in March.
The Baltimore Museum Wants to Diversify Its Collection; It Should Be Allowed to
Let’s be honest. The primary reason the AAMD rules exist are to ensure that only private collectors can realize capital gains in the art market.