Monday, December 21, 2009
LACMA's Allison Agsten writes in LACMA's blog about how the museum acquires new artworks. She mentions deaccessioning, and interestingly, it seems that only a small fraction of new works comes via this practice.
A smaller slice of the funds [for new acquisitions] comes from deaccessioning, the practice of selling lesser works in the collection to buy greater works, and also from the interest generated by the museum’s endowment that is restricted for art purchase.
Posted by Sergio Muñoz Sarmiento at 9:01 PM