UK museums profit from recession!

UK museums profit from recession

Survey by the Art Fund reveals many are benefiting from discounted acquisitions

LONDON. A survey by the Art Fund released on 29 April shows that UK museums and galleries are purchasing acquisitions at a considerable discount, thanks to the recession. In a survey of just over 300 museums (one-fifth of the total), half had made purchases in the past six months. Of these, 58% had got a better-than-expected museum discount or had paid less than anticipated at auction.