deaccession

VERB
  1. sell (art works) from a collection, especially in order to raise money for the purchase of other art works
    The museum deaccessioned several important works of this painter
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How To Use deaccession In A Sentence

  • The museum deaccessioned several important works of this painter
  • The Los Angeles County Museum of Art announces the deaccession of 42 artworks from its permanent collection, which will be sold in a public auction at Sotheby's New York this month.
  • The pending deaccession will leave only a handful of minor artworks and decorative objects.
  • When, in the 1950s and 60s, even more money began to be needed, it started to 'deaccession' its assets. The Times Literary Supplement
  • In the last decade numerous deaccessions have quietly been made in order to raise money for institutional support or facilities maintenance.
  • In the run-up to the mixed-lot sale, Sotheby's held two ‘single owner’ auctions in which 296 works consigned by these two institutions were deaccessioned.
  • Considerable excitement, however, was generated by six works being deaccessioned by the Museum of Modern Art to support its acquisitions fund.
  • Even museums were obliged to contribute to this effort by deaccessioning part of their icon collections.
  • The USAF Museum prepared a list that shows thousands of items were deaccessioned during his tenure.
  • On top of recommending the council sell, or "strategically deaccession", artworks to make it more financially sustainable, the report suggests amalgamating the art collections of the organisation with those of the government and the British Council. Arts Council told to sell off masterpieces in damning report by MPs
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