Thursday, May 27, 2010

Magnes Museum to Give Away Its Entire Collection of Prized Jewish Art

Better than deaccessioning? The Magnes, a Berkeley, Calif., museum, founded in 1962, doesn't have enough money to maintain the 10,000-piece collection, so it will turn the trove over to an unlikely rescuer: the University of California-Berkeley, part of California's public university system, which has experienced its own budget shortfall of $1 billion this past year.

Shelly Banjo of the WSJ explores this story as well as other art institutions that are struggling to stay afloat during these trying economic times.

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