The Art Law Blog
Thursday, April 06, 2017
Tell me again about the public trust (Toledo Museum of Art selling off over 140 pieces edition)
Because the proceeds will go into something called a "new acquisitions fund,"
. Because the proceeds will go into something called a "new acquisitions fund," it doesn't matter that,
having fallen under the aegis of a museum, those 140 works were held in the public trust, to be accessible to present and future generations
. No potential future donor will ask,
Why should I give this to you? What guarantee do I have that you're not going to sell this tomorrow?
Don't be so