The Baltimore Museum of Art is putting up for sale three artworks in its collection, taking advantage of recently relaxed regulations on deaccessioning for museums in the United States. The institution hopes to raise $65m from the sales of the paintings by Andy Warhol, Clyfford Still, and Brice Marden, which has consigned to Sotheby’s and which will come to auction later this year.
$10m of the funds generated by the sales will go towards its acquisition budget, with the rest going to collection care, staff salaries, the elimination of special exhibition fees, and diversity and equity initiatives. Meanwhile, the Palms Spring Art Museum in California has also announced plans to sell off the work of a major post-war artist: Carousel (1979) by Helen Frankenthaler. The work, which is consigned to Sotheby’s, is estimated to be worth $2.5m–$3.5m.