Friday, May 28, 2010
Over a year ago, in January 2009, Brandeis announced a decision to close its Rose Art Museum and sell the art to raise money to support general University operating expenses. After criticism from donors, alumni, students and the art community, the University backed down and looked for other options. The Rose has stayed open, although it has no director or curator and has only a minimal staff.
The Boston Globe reports that Brandeis may now have found another option - an alternative to selling the art. Brandeis will enter into an agreement with Sotheby's for Sotheby's to act as a broker and arrange loans of the artwork. Lisa Dennison, the chairman of Sotheby's, says that the Brandeis arrangement will look for loans to other museums, and not to individuals, although the details have yet to be worked out. Brandeis expects to sign an agreement with Sotheby's next month and hopes to begin considering specific proposals next fall. Although museums often loan art to other museums in exchange for the cost of shipping and insuring the work, some museums have paid for loans of collections. The agreement may allow Brandeis to raise funds that would enable the University to improve its overall financial situation without selling the art. See the story posted on the Brandeis website.