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Steve and Katie discuss two recent art world controversies involving small, local nonprofits seeking to raise money through asset divestment.  The di Rosa Center for Contemporary Art in Napa Valley is attempting to deaccession most of its permanent collection of Bay Area art works in the face of vocal art world opposition. In Philadelphia, the proposed sale of the Painted Bride Art Center building by the organization’s board, including its one of a kind mosaic mural façade, has raised public protest and legal challenge.  Both entities claim they need funds to continue their mission, while critics say the act of selling off the assets at issue in each case directly undercuts such mission.   Resources:   di Rosa Center for Contemporary Art:   http://www.dirosaart.org/history/ https://datebook.sfchronicle.com/art-exhibits/napas-di-rosa-center-to-sell-most-of-its-fabled-art-collection https://nonprofitquarterly.org/napa-museum-plan-to-deaccession-art-works-raises-art-communitys-ire/ http://www.artnews.com/2019/08/20/dirosa-foundation-open-letter/ http://www.artnews.com/2019/08/28/di-rosa-foundation-deaccessioning-support/ https://www.artforum.com/news/di-rosa-contemporary-art-center-director-responds-to-concerns-over-plan-to-sell-holdings-80550     Painted Bride Litigation:   https://paintedbride.org/about-us/ https://philly.curbed.com/2017/11/28/16709332/painted-bride-building-theater-for-sale https://observer.com/2019/09/philadelphia-painted-bride-art-center-condos/ https://philly.curbed.com/2018/9/14/17861972/painted-bride-building-art-center-old-city-philadelphia https://whyy.org/articles/judge-old-citys-painted-bride-cant-be-sold-for-condos/

 

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