Justice Lowy gives go-ahead for Berkshire Museum art sale
The Supreme Judicial Court approved the settlement reached between the Berkshire Museum and Attorney General Healey’s office in early March this year. The museum can now sell up to $55 million of the museum’s art at an auction scheduled for May.
“Based on the Attorney General’s investigation into the sale and her assent to the requested relief, the Museum has satisfied its burden of establishing that it has become impossible or impracticable to administer the Museum strictly in accordance with its charitable purpose,” Lowy wrote, “thus entitling the Museum to relief.” ~Berkshire Eagle, April 5, 2018
Announcement of the decision came as a significant disappointment to those wishing to preserve the museum’s collection. Although Healey’s office will supervise the sale, opponents were dismayed that Judge Lowy didn’t appoint an independent financial monitor. (more…)