Montclair Art Museum pictures on auction | Economy | -- Your State. Your News.

May 26th
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Montclair Art Museum pictures on auction

pollock041509_optIf you’ve ever yearned for an authentic Jackson Pollock drawing or a painting from the Hudson River School, here’s your chance.

The Montclair Art Museum, as part of what it calls a new “financial security plan,” will sell off some 50 works from its permanent collection, including a Pollock drawing valued at $300,000 to $500,000 and several Hudson River School and American Impressionist works, the Wall Street Journal reports.

Such sales, known in the museum world as “deaccession,” have been used by museums to refine their collections and raise funds to purchase other works that fit better with the institution’s mission, the WSJ notes. However, writer James Panero says this proposed sale” will set another story example of an institution cashing out on art in the public trust.”

Christie’s is preparing a prospectus for the sale, which the auction house believes will generate between $2.9 million and $4.3 million for the museum. The museum says it will use the funds for future acquisitions, but Panero notes the institution has taken a number of emergency measures to cut expenses recently, including layoffs and reduced hours of operation.


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