Wednesday, November 24, 2010

"The ability of San Francisco’s Asian Art Museum to avoid bankruptcy may be decided this week"

The WSJ's "Bankruptcy Beat" has the details. The artwork appears to be safe:

"San Francisco owns the ... collection of more than 17,000 pieces of art .... As a result, such assets would be exempted from a bankruptcy filing by the museum foundation. The museum foundation owns minor assets as well as $70 million in endowment money."