Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

After the Flood

August 26, 2009 by Marion Maneker

Speaking of deaccessioning (see below), the University of Iowa is about to be back at the center of the debate. The Art Law Blog and Illicit Cultural Property both highlight decision by university to establish a committee to explore the possibility of a sale of some works to pay for a new museum that was damaged in a severe flood, according to the Iowa Press-Citizen:

UI officials don’t yet know how to pay for a new museum, which makes it different from virtually every other major flood recovery project on campus.  The Federal Emergency Management Agency will cover 90 percent of renovation costs for most projects and to rebuild the Hancher Auditorium complex and Art Building complex, which are eligible to be relocated under FEMA guidelines.  However, the old Museum of Art facility was not damaged severely enough to be eligible for FEMA funds for relocation. That leaves UI on its own in planning and paying for a new home for the art collection.  “That’s been our assumption. It will be left to us to determine its fate and its future,” Mason said.

UI Looking at Future of Art MuseumAf (Press-Citizen)

More from Art Market Monitor

  • Unhappy with ARCO's View of IndiaUnhappy with ARCO's View of India
  • More Fresh Works Flipped Now Than in 2007 but at Lower Average PricesMore Fresh Works Flipped Now Than in 2007 but at Lower Average Prices
  • Sotheby’s First Sale Conceived Start-to-Finish in Lockdown Opens OnlineSotheby’s First Sale Conceived Start-to-Finish in Lockdown Opens Online
  • Sotheby’s Announces Gunther Sachs Single-Owner SaleSotheby’s Announces Gunther Sachs Single-Owner Sale
  • To Play in the Secondary Market, You Have to Be in NY or LondonTo Play in the Secondary Market, You Have to Be in NY or London
  • In Russia, Contemporary Art Is Like a Solid Gold Cell PhoneIn Russia, Contemporary Art Is Like a Solid Gold Cell Phone

Filed Under: Museums

About Marion Maneker

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

Top Posts

  • After Pandemic’s Rapid Change, Sotheby’s Has 8 Predictions for 2021
  • Keith Haring’s 1989 Retrospect Comes to Sotheby’s London Prints Sale
  • Tony Podesta's Secret Art Buying
  • A Season of Improvisation: Fall 2020 New York Modern and Contemporary Art Auction Analysis
  • Four of Picasso's Women Valued at $28m Come to Christie's from Rose-Walters Collection
  • For 2020, Phillips Brought in Total of $760.4 million, Down 16 Percent from 2019; Asia Sales Up 24 Percent
  • A Season of Resilience: Fall 2020 Hong Kong Auction Analysis
  • Norman Rockwell's Not Gay. But Is He a Great Artist?
  • Soulages First Owned by Senegalese Poet-Politician Léopold Sédar Senghor Sells in France
  • Phillips Includes $2.5m Norman Rockwell Painting in November Evening Sale
  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor