New York's Deaccessioning Bill Doesn't Appear Long for This World

Back in 2008, New York’s Board of Regents was considering adjusting restrictions on museums who were considering deaccessioning portions of their collection for profit or to pay off debts (like what the Chelsea Art Museum is dealing with right now), instead of following the regular protocol that says when a museum sells, it uses that money to buy other works of art. This talk, and there was lots of it once museums started suffering in late-2008 and throughout 2009 as the economy fell apart, led to the State Legislature to introduce a bill making the practice illegal.