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UCLA Suddenly Much Richer

November 4, 2010 by Marion Maneker

William Poundstone points out that last night’s record price for a Matisse resets the value of the other works held mostly by museums. Though the museums won’t sell them because of the new valuation, the price point does create other problems:

Consider that UCLA’s Murphy Sculpture Garden has the complete series of four Matisse Backs on a wall, exposed to the elements. That’s—yikes—$200 million’s worth of art at today’s valuations?

More Money, More Problems (Los Angeles County Museum on Fire)

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Filed Under: Museums

About Marion Maneker

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