At Least It Worked: Delaware Art Museum Will Pay Off Its Debt (With Money From Raiding Its Collection And Endowment)

“On Wednesday, museum officials announced they would retire [its] remaining $19.8 million in debt by the end of this month. The cost: Two masterpieces and at least another $5 million subtracted from the institution’s investment fund.”

source ArtsJournal http://ift.tt/YgwRDq

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