When The New School Tried to Sell the Orozco Room
On the institutional amnesia that enables universities to treat artworks as fungible assets
Art has always been treated as an investment. The Italian Renaissance was bankrolled by patrons wishing to glorify God—and their own families and administrations. Today, blue-chip art buyers park their assets in storage lockers in tax-friendly freeports, openly treating art as capital rather than culture. Yet it feels different when ...
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