A critical analysis of contemporary art collections and the value form, this book shows why the nonprofit system is unfit to administer our common collections, and offers solutions for diversity reform and redistributive restructuring. In the United States, institutions administered by the nonprofit system have an ambiguous status as they are neither entirely private nor fully public. Among nonprofits, the museum is unique as it is the only institution where trustees tend to collect the same objects they hold in “public trust” on behalf of the nation, if not humanity. The public serves as alibi for establishing the symbolic value of art, which sustains its monetary value and its markets. This structure allows for wealthy individuals at the helm to gain financial benefits from, and ideological control over, what is at its core purpose a public system. The dramatic growth of the art market and the development of financial tools based on art-collateral loans exacerbate the contradiction between the needs of museum leadership versus that of the public. Indeed, a history of private support in the US is a history of racist discrimination, and the common collections reflect this fact. A history of how private collections were turned public gives context. Since the late Renaissance, private collections legitimized the prince's right to rule, and later, with the great revolutions, display consolidated national identity. But the rise of the American museum reversed this and re-privatized the public collection. A materialist description of the museum as a model institution of the liberal nation state reveals constellations of imperialist social relations.

A leading activist museum director explains why museums are at the center of a political storm In an age of protest, cultural institutions have come under fire. Protestors have mobilized against sources of museum funding, as happened at the Metropolitan Museum, and against board appointments, forcing tear gas manufacturer Warren Kanders to resign at the Whitney. That is to say nothing of demonstrations against exhibitions and artworks. Protests have roiled institutions across the world, from the Abu Dhabi Guggenheim to the Akron Art Museum. A popular expectation has grown that galleries and museums should work for social change. As Director of the Queens Museum, Laura Raicovich helped turn that New York muni- cipal institution into a public commons for art and activism, organizing high-powered exhibitions that doubled as political protests. Then in January 2018, she resigned, after a dispute with the Queens Museum board and city officials. This public controversy followed the museum’s responses to Donald Trump’s election, including her objections to the Israeli government using the museum for an event featuring Vice President Mike Pence. In this lucid and accessible book, Raicovich examines some of the key museum flashpoints and provides historical context for the current controversies. She shows how art museums arose as colonial institutions bearing an ideology of neutrality that masks their role in upholding conservative, capitalist values. And she suggests ways museums can be reinvented to serve better, public ends.

An intimate history of the Getty Museum from its early relatively modest days until it unexpectedly received the endowment that made it the worlds wealthiest museum and eventually a private foundation of worldwide influence. Following the death of Getty in 1976 it was necessary to adapt the institution to radically different circumstances and much higher expectations, virtually none of which had been anticipated. This evolution was guided by some of the most prominent managers and historians available, but was also marred by some unfortunate and widely publicized mis-steps that made the transition unusually erratic. Institutional histories are normally written and published by the institutions themselves, with the result that its blunders or mistakes are normally glossed over. The present memoir is meant to be an objective and relatively frank appraisal of the history of this exceptional institution by an early participant in the process.

Museums and Atlantic Slavery explores how slavery, the Atlantic slave trade, and enslaved people are represented through words, visual images, artifacts, and audiovisual materials in museums in Europe and the Americas. Divided into four chapters, the book addresses four recurrent themes: wealth and luxury; victimhood and victimization; resistance and rebellion; and resilience and achievement. Considering the roles of various social actors who have contributed to the introduction of slavery in the museum in the last thirty years, the analysis draws on selected exhibitions, and institutions entirely dedicated to slavery, as well as national, community, plantation, and house museums in the United States, England, France, and Brazil. Engaging with literature from a range of disciplines, including history, anthropology, sociology, art history, tourism and museum studies, Araujo provides an overview of a topic that has not yet been adequately discussed and analysed within the museum studies field. Museums and Atlantic Slavery encourages scholars, students, and museum professionals to critically engage with representations of slavery in museums. The book will help readers to recognize how depictions of human bondage in museums and exhibitions often fail to challenge racism and white supremacy inherited from the period of slavery.

This book offers an overview of how to manage private art collections, providing essential insights on art wealth management, art investment, art governance, and succession planning for art assets. It offers practical recommendations on sound art collection governance, but also examines the background of art markets and price building, including the influence of fashion and trends. Throughout history, art patronage has played an important role in the wealth of ultra-high-net-worth families and led to private museums funded by philanthropist collectors in order to celebrate their own tastes and leave a lasting legacy. Today, as a result of the growth of art investing by a new generation of wealthy collectors, not only artists but also wealthy families, sophisticated investors and their close advisors now face a more complex set of financial and managerial needs. As such, the contributions in this book will be of interest to collecting families, family offices, and professional advisors seeking to integrate art into their overall wealth management strategy, and to scholars in the fields of cultural economics, art dealers, curators, and art lovers.

This book examines environmental and social justice challenges near America's most popular heritage attractions. These include over 100 places that host national parks (e.g., Glacier, Yellowstone), zoos (e.g., Bronx, Henry Doorly), urban parks (e.g., Central Park, Fairmount), grand concourses (e.g., 5th Avenue, Massachusetts Avenue), and multiple museums and galleries (e.g., National Gallery, Getty). The book includes measurements of demographics, air quality/distance from hazards, health outcomes, and urban assets in the areas immediately surrounding these heritage sites and compares them with adjacent areas and their host cities or states. It considers the history of justice-related-issues near the sites and evaluates what owners, managers and communities are doing to address gentrification, displacement, the legacy of redlining and other challenges, such as the animal rights movement, climate change/sustainability, and tight budgets. The book examines what some host cities are doing about affordable housing and what some heritage sites have done in establishing constructive relationships with surrounding communities. The book should have two primary audiences. One is the strong and growing social and environmental justice community that has increasingly been scrutinizing parks and other icons for evidence of injustice. This book will interest them, even though all the results do not necessarily support their positions. The second audience is businesses, not-for-profits, and government agencies who manage parks, zoos, museums, and other attractions and need to understand what is happening near their sites and what they can do to be better neighbours.

The National Bureau of Economic Research organized a project to explore the economic issues facing the major art museums of the United States. For this purpose NBER defined economics broadly to include not only the financial situation of the museums but also the management and growth of museum collections, the museums' relationship with the public, and the role of the government in supporting art museums. This volume brings together nontechnical essays on these issues by economists associated with the NBER and personal statements by leaders of America's major national art museums and related foundations. It can be read not only by economists but also by museum officials and trustees. Museum directors generally come to their responsibilities with a background in art history and curatorial work but without experience in thinking about the management and public policy aspects of museum administration. Trustees who serve on museum boards generally have a background in business or law but have not previously tried to apply their experience to the unusual economic problems of museums. The background papers, the panelists' remarks, and the summary of the discussion will help them to approach their responsibilities with a better understanding of the problems and possibilities of the museum.