Museum Directors Narrowly Reject "Collection Monetization"
Tyler Green is reporting that the Association of Art Museum Directors has narrowly rejected a motion to make permanent a pandemic rule allowing museums to sell art in order to raise funds for "expenses associated with the direct care of the collections." This vaguely worded rule, set to expire Apr. 2022, has been generally condemned, except by the museum directors invoking it.
The vote was narrow, 91 to 88, with 44 not voting. Writes Green: "88 art museum directors voted to monetize collections across the entire sector. They lost by only 3 votes. Expect them to come back - and expect significant sales from art museum collections between now and April 2022."
Shown: Helen Frankenthaler's Carousel (1979), the high point of the Palm Springs Art Museum's painting collection until it was sold last year under the AAMD rule.