Thursday, September 27, 2012
What the Warhol Foundation’s art sale tells us about artists’ foundations - The Art Newspaper
What the Warhol Foundation’s art sale tells us about artists’ foundations - The Art Newspaper: he announcement by the Andy Warhol Foundation for the Visual Arts that it has sealed a deal with Christie’s to liquidate its remaining art holdings of reportedly 20,000 works has left many people scratching their heads. The foundation bearing the name of one of the most influential artist of our times intends to own none of his art? Always the most visible member in this small but fast-growing community, the Warhol Foundation has just demonstrated that artist-endowed foundations are not all alike and that it is, as always, among the most distinctive. Indeed, research by The Aspen Institute’s National Study of Artist-Endowed Foundations, the first comprehensive examination of the topic, confirms that we presume one-size-fits-all for these entities at the risk of misunderstanding this important, emerging field.