Fisk College in Tennessee is in need of some serious cash, and is looking to sell the Stieglitz collection that it houses on campus, donated by Georgia O'Keefe. http://www.tennessean.com/article/20101025/NEWS01/101025078/Fisk+rejects+new+proposal+over+art+collection
The AAM states that any money raised from deaccessioning artwork (which Fisk effectively wants to do, by selling it's portion of the collection to another institution) must go back towards the collection, and not to operating costs. Is this a similar situation, even though it's a college, and not a museum in the traditional sense? What about the fact that an anonymous donor has already stepped forward and offered money to cover the care of the collection at no cost to the college (the college's argument for selling it is that it is too much of a financial burden to maintain the collection), thus the college could divert the funds currently used for collection care to operating costs. Does that change whether the college should be allowed to sell the collection?
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