nudeyorker
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I don't own anything terribly valuable, nothing from A list artists but members of my family do and none of them have ever expressed anything other than immense respect for the work they own. When my aunt's house burned down I was the first person up on the third floor searching for two paintings which were stored in the attic where the fire started. I risked my LIFE to crawl up there with gaping holes in the floor to find them. A Marin was destroyed but a Utrillo was still wet from the fire hoses and, happily, salvageable. My aunt, however, was upset about two things: her late husband's WW I medals, which we later found, and that painting. Yes it was insured but she mourned its loss because it was irreplaceable to the world. As far as she was concerned, the world lost something beautiful and now no museum or gallery would ever see it again. I don't deny I'm probably influenced by her respect and love of art and craftsmanship and her sense of being a custodian rather than someone with a fat bank account who could burn them for fun.
I'm glad you're a Met member. I used to be before I was broke. Now I can't afford it. I used to be a MOMA member too until they started charging $20 admission rather than taking voluntary donations. I think MOMA's become an elitist institution bent more on self-congratulation than on actual public education and I won't support it. Keeping the hoi polloi out is not something I support in the slightest.
You might remember the Gardiner robbery where a Vermeer, of which there are only 36 or 37 in the world, and an important Rembrandt were stolen. Those paintings are still in the hands of the thief. The Gardiner knows who the thief is and the thief knows the Gardiner knows. The problem is the FBI knows too and they won't drop charges against the thief and thus allow the museum to get their pieces back. They were stolen for ransom, not for resale as they're far too hot. The Gardiner didn't buy anything else to replace the spaces on the wall. Isabella Gardiner prohibited it in her will saying the spaces were to be left as blank as the day the pieces were stolen to show the world how impoverished we become when great works are lost. I think she was right.
Jason,
Just a couple points. First of all I'm not a member, I'm a patron. Second. I have lost so much more in life that is so much more than something you can view, or lock away in a vault or proudly display.(Meanwhile I have things from my mother that are locked in a bank that I just don't know what to do with...but I'm sure as hell not donating them) So am I a criminal for keeping these things from the world because I don't want the rider on my insurance policy. Someday they will find their way back into the world, but whatever happens to them after they are no longer mine is not my concern. I in no way am trying to invalidate your view. (Willtom's is something else) All I have been trying to say is you can't put a price on anything whether it is life or art. Sometimes they are the same.