Merlion
01-15-2006, 03:34 AM
Interesting. I do not know of this 25-year restriction on a museum after receiving a donated artpiece (at least in the US).
N.Y. Art museum scraps sculpture sale
NEW YORK, Jan. 14 (UPI) -- The New York Metropolitan Museum of Art has scrapped plans to sell its only sculpture by Spanish artist Eduardo Chillida, it was reported Saturday.
The 7-foot long steel sculpture called "Silent Music II" was to be auctioned Feb. 9 by Sotheby's in London, the New York Times reported. However, a spokeswoman for the museum said the piece was withdrawn because MOMA officials failed to notify the donor, which is mandatory if a piece is going to be sold within 25 years of the donation date.
Dallas collector Frank Ribelin donated the sculpture in 1986. He told the Times he was not notified of the sale and only found out about it after a friend pointed it out to him on Sotheby's Web site.
The site describes the sculpture as "unquestionably the most important work by Chillida to ever appear at auction" and estimated it would fetch £1 million to £1.5 million ($1.8 million to $2.6 million). [snip]
News article taken from here. (http://www.upi.com/NewsTrack/view.php?StoryID=20060114-023220-6858r)
A picture of the sculpture can be found here.
(http://www.metmuseum.org/toah/ho/11/eusi/ho_1986.431.htm).
I've just found more details, from the New York Times (http://www.nytimes.com/2006/01/14/arts/design/14scul.html?oref=login). And this restriction is an internal policy of the NY Met Museum.
Happy reading.
N.Y. Art museum scraps sculpture sale
NEW YORK, Jan. 14 (UPI) -- The New York Metropolitan Museum of Art has scrapped plans to sell its only sculpture by Spanish artist Eduardo Chillida, it was reported Saturday.
The 7-foot long steel sculpture called "Silent Music II" was to be auctioned Feb. 9 by Sotheby's in London, the New York Times reported. However, a spokeswoman for the museum said the piece was withdrawn because MOMA officials failed to notify the donor, which is mandatory if a piece is going to be sold within 25 years of the donation date.
Dallas collector Frank Ribelin donated the sculpture in 1986. He told the Times he was not notified of the sale and only found out about it after a friend pointed it out to him on Sotheby's Web site.
The site describes the sculpture as "unquestionably the most important work by Chillida to ever appear at auction" and estimated it would fetch £1 million to £1.5 million ($1.8 million to $2.6 million). [snip]
News article taken from here. (http://www.upi.com/NewsTrack/view.php?StoryID=20060114-023220-6858r)
A picture of the sculpture can be found here.
(http://www.metmuseum.org/toah/ho/11/eusi/ho_1986.431.htm).
I've just found more details, from the New York Times (http://www.nytimes.com/2006/01/14/arts/design/14scul.html?oref=login). And this restriction is an internal policy of the NY Met Museum.
Happy reading.