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Fractional Gifts Update

The NY Times today finally gets around to reporting on the fractional gifts fracas that is roiling the museum world. (CultureGrrl readers learned about it here on Monday.)
But the Times fails to acknowledge possible compromise solutions, discussed in CultureGrrl and originally proposed by Donn Zaretsky on Sept. 8 in The Art Law Blog. Lawmakers could require museums to take actual possession, for a fraction of the year, of fractionally donated art, and they could also require that the entire gift be perfected within a certain number of years. This would seem to address the lawmakers’ two chief concerns. Such changes could have a discouraging effect on some gifts, but not eliminate them.
Meanwhile, still no mention of this important issue on the Association of Art Museum Directors‘ website, even though they are said to be mounting a lobbying campaign.

an ArtsJournal blog