Corcoran Gallery of Art Teeters on Dissolution

July 31st, 2014

Corcoran Gallery of Art, via The Wall Street JournalAfter years of financial troubles, the Corcoran Gallery of Art has been seeking legal permission to dissolve and merge with the National Gallery of Art only to meet with pushback from opponents of the plan, including employees and students of the museum’s art college. In a testimony on Wednesday, the opposition cited “broken fund-raising” as the cause of the museum’s downward spiral and argued that the proposed integration goes against the Corcoran’s deed, drafted in 1869. If the plan goes forward, the National Gallery of Art will take over the Corcoran’s collection, which includes work by Cy Twombly, Ellsworth Kelly, and Andy Warhol, while George Washington University will manage the art college.  

Read more at The New York Times