American museums rush to sell artworks

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Several museums are likely to use part of the funds generated from the sale of artwork to raise salaries for staff

may have been the most gifted of America’s Abstract Expressionist painters; he was certainly also the most uncompromising. He would suddenly withdraw works he had promised to exhibitions if he considered the curating to be substandard, and he almost never let go of any of his paintings and drawings. When he died in 1980, he still had 2,400 works in his studio.

But Still had made an exception for the painting, in his characteristic jagged strokes of rust and black, which he called “1957-”. In 1969 he gave this work to the Museum of Art in Baltimore, located 30 miles away from where he and his second wife had settled in rural Maryland eight years earlier. Now the museum is auctioning off the picture, which it hopes might earn it $18m.

Of the $65m that Baltimore hopes to gain from selling the Still and two other paintings, a grey abstract by Brice Marden and Andy Warhol’s famous take on “The Last Supper”, $10m will be used for traditional acquisitions and $55m will go towards an endowment fund to care for the collection, according to Artnet, a website that tracks sales. Thedecision came just as covid-19 was beginning to badly affect museums and other cultural institutions.

This article appeared in the United States section of the print edition under the headline "Going, going, gone"

 

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Paid more to curate less art. Makes sense...

Not a bad idea. There are lot of billionaires out there...

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