Options For The Barnes

Why Does the Barnes Collection need to move to Philadelphia? There are other options, writes Lee Rosenbaum. “The foundation could begin by selling unused or little-used assets. Chief among these: the foundation’s 137-acre property in Chester County, for which the Barnes was recently offered $12 million. Auctioning off some of the foundation’s ancillary collections — some 5,200 objects and documents — could also generate cash. The Barnes provenance would give these objects market cachet far in excess of their artistic or historic importance. While art museums are supposed to use sale proceeds solely for acquisitions, not operations, the Barnes considers itself an educational institution (and it doesn’t acquire new works). In addition, legal strictures against selling the Barnes Foundation’s holdings apply only to works on view in the galleries.”