New York’s Board of Regents Might Allow Museums to Sell Straight From Their Collections

More lousy economic news (didn’t we just warn you in the post below?). This weekend the New York state government’s board which controls museum regulations, announced that it might consider allowing museums to sell off pieces of its collections if all other outlets for funding had dried up (see: corporate contributions and potentially dry state coffers). This change in policy is all due to the Fort of Ticonderoga museum, which is currently teetering on bankruptcy. Though while it might help save this one museum, it could possibly have very wide implications for museums throughout the state, something not lost upon groups like the Museum Association of New York and the Association of Art Museum Directors, who are both opposed to the potential change:

Anne Ackerson, director of the Museum Association of New York, said her group was among those opposing the idea of allowing museums to sell their collections to pay debts. While it might be a short-term fix for some museums’ financial problems, it might dissuade others from seeking other solutions when money gets tight, she said.

“We don’t think this is the right thing to do in the long term,” she said.