New York Board of Regents Adopts New Deaccessioning Rules
WNYC Culture
The New York Board of Regents has approved new rules for deaccessioning artworks to prevent museums from selling works in their collections to defray debt or operating expenses. Museums are required to meet criteria including proving that an item for sale is inconsistent with the museum's mission, redundant in the collection or is stolen or inauthentic. Museums must also set aside deaccessioning funds in a separate "collections account" to be used only for acquiring new works and for preserving existing pieces.
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