"Collectors looking to show off their riches used to donate their art to a museum. Now many are building their own museums instead, and directors at existing institutions are up in arms."
Facts:
*There are fewer than 100 private museums in the U.S., some dating back almost a century.
*At many major museums, about 5% of the collection is on view at any time.
*The number of art objects donated to top museums fell 5.7% to 77,012 last year over the previous year. However, the value of those donations increased 130% to almost $607 million, due to the rising art market.
The Firestorm Over Private Museums
by Lauren Schuker
http://online.wsj.com/article/SB120727433942088537.html?mod=todays_us_weekend_journal
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