The cost of borrowing

Of course I was naive. I guess if I thought about it I would have known that I was naive. But when I heard that a museum has lent a collection or a work to another museum, I got a warm fuzzy feeling. This was cultural altruism. I know, I know… Naive.

In a fascinating article in The Art Newspaper, the director of Musée Picasso reveals the true cost of borrowing.

Baldassari revealed the museum raised between €1m and €3.5m a year since 2008 from the touring exhibition “Masterpieces from the Picasso Museum”. It has visited eight cities so far, including Madrid, Helsinki and Tokyo. “We have made [in total] €16m,” she said, adding that the museum levied different charges for loans. “The tariffs vary according to the number of works, the team [involved] and the expertise.”

Brings a whole new meaning to the word to borrow. But then I guess art lease would sound a bit to0… mercenary?

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