Hispanic Society Museum Deaccessions Old Master Paintings to Fund Collection Care

What's Happening?

The Hispanic Society Museum and Library in New York is set to deaccession 45 works from its collection through an online auction at Christie’s on October 17. This decision follows two years of research and study into the museum's collection. The deaccessioning process is in line with the standards set by the Association of Art Museum Directors, which allows museums to use funds from deaccessioning to care for their collections. The works being sold include pieces from the workshops of renowned artists such as El Greco and Diego Velázquez, as well as paintings from the circle of Peter Paul Rubens. The funds generated from this sale will be directed towards the museum's acquisition fund and the maintenance of its collection.

Why It's Important?

This deaccessioning event is significant as it reflects a broader trend in the art world where museums are increasingly using sales to fund the care and expansion of their collections. By selling these works, the Hispanic Society Museum aims to ensure the sustainability and preservation of its remaining collection. This move could influence other institutions to consider similar strategies, especially in times of financial constraints. Collectors and art enthusiasts have the opportunity to acquire pieces from a prestigious institution, potentially increasing the visibility and appreciation of Spanish art.

What's Next?

The auction at Christie’s will provide collectors with the chance to purchase these historic works, potentially leading to increased interest and investment in Spanish art. The museum will continue to focus on its infrastructure efforts, supported by recent funding from New York state. The outcome of the auction could set a precedent for future deaccessioning practices among museums, particularly in how they balance financial needs with cultural preservation.

Beyond the Headlines

The deaccessioning of artworks raises ethical questions about the role of museums in preserving cultural heritage versus their financial sustainability. It highlights the ongoing debate about the best practices for managing museum collections and the impact of such sales on the art market. Additionally, the sale of these works may lead to discussions about the accessibility of art and the role of private collectors in preserving cultural history.