University Plans To Loan Museum Art To Raise Funds
Filed under: Art
Last year Brandeis University in Waltham, Massachusetts caused an uproar when it announced plans to close its Rose Art Museum and possibly sell off the art. Now the university has a different plan, one that carries its own controversy. The Boston Globe reports that the university plans to hire Sotheby's auction house to act as a broker to loan out selected works from the Rose's well-regarded collection. Usually art loans take place between museums and don't usually bring in revenue but in some cases some museums have paid millions to borrow key works for certain shows. Some people have expressed concern that works could be loaned out to prviate collectors or corporations who don't have conservationists on staff and might not adequately care for the works.
In just under 50 years the Rose has amassed a collection of 7,500 objects that is said to be worth as much as $350 million. The Rose Art Museum collects American art of the 1960s and 1970s and has pieces by Willem de Kooning, Jasper Johns, Roy Lichtenstein and Andy Warhol. Although the museum is in better financial shape than it was a year ago and it still faces an annual structural deficit of between $10 million and $15 million. The university expects to sign a contract with Sotheby's sometime next month and could begin entertaining art loan proposals this fall.
New Trayvon Martin Evidence Features Incriminating Photos, Texts From Teen
The List #0147: Escape a Car Underwater
Jodi Arias Jury DEADLOCKED
Visit the Maldive Islands Before It's Too Late
H&M's Plus-Size Model Jennie Runk Says She Chose To Gain Weight
Killed Soldier In London Attack Identified
Okla. Sheriff's Deputy Finds Dog Guarding Body Buried Under Destroyed Home
Reptiles Make Home in UK Man's Cable Box
What It's Like To Talk To A 2-Year-Old
Springtime Budget-Busters -- Savings Experiment
Is This Woman Too Pretty To Work?
Surgeons Remove Giant Hairball From Tiger
Editorial: Engadget on the Xbox One
Parents Face Tough Choice When Tornadoes Bear Down
Helen Flanagan Launches PETA Campaign As Only She Knows How
The Story Behind Hairspray
Brave Woman Stood Down Armed London Attackers
'DWTS' Shakeup Ahead?
LOOK: Photoshop Mistake Is Seriously Cringeworthy
Teenager's 'Awww'-Inspiring Drawing Wins Big At Google
PHOTO: Dog Guards Dead Victim's Body After Oklahoma Tornado Disaster
Pope Francis Says All Who Do Good Are Redeemed - Atheists Included
REVEALED: Disturbing Trend In Human Intelligence
WATCH: Heckler Hijacks Obama Speech On Drones, Gitmo
Wolf Blitzer's Embarrassing Moment With Tornado Survivor
Man Reportedly Beheaded In Brutal Assault In London Neighborhood
Help For Heroes Killing
NY Times Eviscerates Obama White House
10 Children Confirmed Among The Dead After Oklahoma Tornado
Has Katie Holmes Moved On?
The World's Most Powerful Women
WATCH: The World's First Digital Photo