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You know the recession is getting bad when you read things like this from Reuters:

Rotterdam’s Wereldmuseum plans to sell its African and American treasures to cover funding shortfalls made more likely by the economic crisis in Europe and a planned cut in state subsidies to the arts starting in 2013.

Yikes. It’ll be interesting to see where these objects end up, and, in the process, it may tell us a little something about the state of the world’s finances.

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Hrag Vartanian is editor-in-chief and co-founder of Hyperallergic. You can follow him at @hragv.

2 replies on “Dutch Museum May Sell Art to Pay the Bills”

  1. That’s pretty taboo in the museum world, no? Won’t any wealthy Dutchman/woman contribute something?

  2. That’s tough to hear. Selling off major assets is the beginning of the end.

    1-Sell awesome art to pay bills.
    2-Have very little awesome art.
    3-Decline in ticket sales.
    4-Bills continue.
    5-Sell off more, slightly less awesome art.
    6-Further decline in ticket sales.
    7-Game over.

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