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Museums and Wealth - The Politics of Contemporary Art Collections (Hardcover)
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Museums and Wealth - The Politics of Contemporary Art Collections (Hardcover)
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A critical analysis of contemporary art collections and the value
form, this book shows why the nonprofit system is unfit to
administer our common collections, and offers solutions for
diversity reform and redistributive restructuring. In the United
States, institutions administered by the nonprofit system have an
ambiguous status as they are neither entirely private nor fully
public. Among nonprofits, the museum is unique as it is the only
institution where trustees tend to collect the same objects they
hold in "public trust" on behalf of the nation, if not humanity.
The public serves as alibi for establishing the symbolic value of
art, which sustains its monetary value and its markets. This
structure allows for wealthy individuals at the helm to gain
financial benefits from, and ideological control over, what is at
its core purpose a public system. The dramatic growth of the art
market and the development of financial tools based on
art-collateral loans exacerbate the contradiction between the needs
of museum leadership versus that of the public. Indeed, a history
of private support in the US is a history of racist discrimination,
and the common collections reflect this fact. A history of how
private collections were turned public gives context. Since the
late Renaissance, private collections legitimized the prince's
right to rule, and later, with the great revolutions, display
consolidated national identity. But the rise of the American museum
reversed this and re-privatized the public collection. A
materialist description of the museum as a model institution of the
liberal nation state reveals constellations of imperialist social
relations.
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