Renting art at Brandeis

Can a university profit from artwork it owns (that has been donated to it)? Last year Brandeis University raised a storm by proposing to close its museum and sell its art (see my posts here and here.) Now it has proposed renting some of its art (here's the story from the Brandeis student newspaper, The Justice), and that too has generated some criticism. But the Globe thinks renting rather than selling is supportable, here's their editorial:Brandeis: Renting out art for art’s sake

"Brandeis University is raising eyebrows in the museum world with its plans to lend out artworks for money, but exploring this option is a reasonable way to preserve the financially strapped school’s collection.
"Last year, Brandeis considered closing the renowned Rose Art Museum and selling off some of its 7,500 objects. Had that happened, both the school and the region would have been worse off for it. Now, the Globe recently reported, the school is hiring auction house Sotheby’s as a lending broker. Collecting fees from institutions that might want to display some of the museum’s works could generate badly needed funding and might even increase awareness of the Rose as well."

Update: [6:14:18 AM] Bettina Klaus writes "saw your blogpost on renting art and remembered that my Maastricht neighbors are renting some http://www.bonnefanten.nl/en/art_lease (Bonnefanten Art Lease Contemporary art at your home)