Friday, April 17, 2009

"It's the essay that doesn't pass the smell test" (UPDATED 2X)

My friend Christopher Knight says James Panero's Wall Street Journal story earlier this week on the Montclair Art Museum deaccessioning is "at best misleading and, at worst, a clumsy hit job."

UPDATE: Judith Dobrzynski -- who is "not, as others are, against all deaccessioning" -- is "not sure we know all the facts yet."

UPDATE 2: David Ross: "I hope my former colleagues at the AAMD will act to stop this sale, and to act as quickly and forcefully as it has recently shown itself capable. ... In fact, lenders and bondholders should be prohibited by law from accepting acquisition-specific endowments as security in any form."