Denver Museum of Art Under Investigation

In April, the Denver Art Museum gave a half interest in its Charles Deas
painting Long Jakes (The Rocky Mountain Man), 1844, to local billionaire Philip Anschutz. In exchange Mr Anschutz bought a Western American painting by Thomas Eakins, Cowboy Singing, 1892, and conveyed a half share in it to the
museum.

Now the unorthodox arrangement has spurred an enquiry by the Association of Art
Museum Directors (AAMD) to determine whether the deal meets the organisation’s
standards for collection stewardship, deaccessioning and relationships with
private collectors. AAMD sets non-binding guidelines for its members, which
represent 190 of the most prominent museums in North America.

More here.

Denver Museum of Art Under Investigation