Will The Art Go?
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  • NCMountainGirl

    Can the city sell it? How many of the donated works are restricted donations that revert back to the heirs if the Institute tries to dispose of it? That is a common term on the deeds of such works. Also, I believe the artworks thenselves are titled to a trust, not to the Art Institute. Also, in recent years the Institute has not gotten financial support from the city. It raises its own money, mostly from the ‘burbs. The legal battle could be epic.

    • Corlyss

      Sell the stuff and work out the details later. Sovereigns can get away with a lot. God knows, this administration and those like-minded individuals it coaches and trains has no respect for the law.

  • Andrew Allison

    This seems crazy: If the city does actually put the art up for auction, the auctioneer (who, in the immortal words of Tom Lehrer, gets a good percentage of the rice) will seek the highest bidder. Meanwhile, money spent on duplicating Christie’s evaluation effort is money down the drain.

  • free_agent

    It seems to me that the only real hope is a massive fund-raiser to buy the works (at full value and to the degree that they are freehold of the city) and reconstitute the museum as an autonomous non-profit.

  • Corlyss

    Whatever will teach ’em a lesson should be put on the auction block.

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