Selling donated art is controversial, but it is tempting when the budget is bare...
The NY Times has the story:
Its Georgia O’Keeffe Is Worth Millions. And Its Dorms Need Updating. In the face of declining enrollment, Valparaiso University in Indiana wants to raise money to renovate two dormitories by selling treasures from its art museum. Not everyone is on board. By Kalia Richardson, March 10, 2023
"Valparaiso, a Lutheran university in northwestern Indiana that is struggling with the declining enrollment seen at many schools, is planning to sell several works from the collection of its Brauer Museum of Art to raise $10 million for the renovation of two freshman dormitories, which it sees as key to securing its future.
"The announcement angered many arts organizations and has divided the university: Last week the faculty senate approved a nonbinding resolution that sought to halt the sale and identify alternative ways to fund the renovations.
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"Schools typically court controversy when they announce they will sell artworks to raise funds, an act known as deaccessioning. Several sales have resulted in sanctions from art associations. To settle a lawsuit, Brandeis University, in Waltham, Mass., reversed its decision to sell off its artwork and close its museum, part of a plan it had made in 2009 during the Great Recession."
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