Key Points In The Press Release From The Montlair Art Museum

You can read the  Q&A of deaccession plan of  Montclair Art Museum (MAM)  from the following link.

March 23, 2009: MAM’s Financial Security Plan, a Q & A

If you don’t want to read the whole press release, here is the summary:

1. About 50 items in total will be auctioned and raise $3 to $5 million for future acquisitions.

2. Despite the difficult economic times, MAM believes the auction market remains strong.

3. Some items are donated. Either donars or donar’s descendents will be notified.

4. Deaccessioning does not close the budget gap which is $600,000. It makes up the shrinkage in endowment.

5. Anyone who is interested in the full list is welcome to contact the Museum at (973) 746-5555, ext. 219 (Note, MAM staff told Geo that further interest should be directed to Cristie’s.)

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