Interest Due – The Museum And The Leonardo Sale

Twelve years ago the Hammer Museum sold Leonardo Da Vinci’s Codex Leicester to Microsoft founder Bill Gates for $30.8 million. This helped “bankroll the institution’s exhibitions and programs” and since the sale, the museum has been relying on interest income from the sale. The move was, “at first glance, conflicts with the code of ethics that major U.S. museums have endorsed for decades.”