Checking Out The Monets-To-Vegas Deal

A Association of American Museum Directors is examining the deal that sent 21 of Boston’s Museum of Fine Arts’ Monets to a Las Vegas casino last winter. “The AAMD is concerned that commercial initiatives such as this could jeopardise the not-for-profit status of museums in the US and the directors’ organisation is now moving towards self-reform before tax-hungry legislators target museums and end their tax-exempt status. The AAMD guidelines stipulate that ‘In any decision about a proposed loan from the collection, the intellectual merit and educational benefits, as well as the protection of the work of art, must be the primary considerations, rather than possible financial gain’.”