Wednesday, October 08, 2014

"The temptation to view art as another capital asset has been especially intense this year across the country."

Another article on deaccessioning that neglects to mention that museums sell art (i.e., "treat it as a capital asset") all the time.  What was the Art Institute of Chicago doing, to take just one recent example, when it sold 117 works from its photo collection last month, if not viewing them as capital assets?