Wednesday, March 19, 2008

$131 million

Carol Vogel reports that it is a condition of Leonard Lauder's $131 million gift to the Whitney that "the museum not ... sell its Marcel Breuer building on Madison Avenue at 75th Street for an extended period, although he declined to specify how long."

Greg Allen asks: "Is a deal not to sell the building 'for an extended period' substantively different from a plan to sell the building after 'an extended period'?"