The Decline Of The Corporate Collection

These are not good times for the corporate art collection. “Many companies – including Reader’s Digest, CBS, IBM and Time Warner – sold off expensive collections in the late 1990s when the economy was good and they could turn a profit on the art. Others, such as Chicago-based accounting firm Andersen, have liquidated collections during economic crises. The commitment to corporate art has been shrinking since the boom years of collecting in the 1980s.”