With the full series of auctions now complete, the final take for the Albright-Knox from its recent deaccessioning comes to around $67 million:
"Prior to the auctions, the Albright's endowment was just under $60 million with both restricted and unrestricted funds. Funds restricted for purchase of works of art was between $22 million and $23 million -- a figure that now grows to nearly $90 million with the proceeds of the auctions. The gallery is restricted to 5 percent of a rolling three-year average of interest income for purchase of new art."
Lee Rosenbaum's reaction: "deplorable."
