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Saturday, July 09, 2005
What happens when owners of public art go bankrupt?
One of the contradictions that create this field of public art, is that public art is generally owned by someone. It is property, and often "private property" at that. what happens when the owners of public art go bankrupt? Who gets the asset? or liability more likely as public art does require upkeep and its asset value may be hard to realize.
This article on the BBC tells the story of some notable public art pieces owned by the Liverpool Architecture Design Trust. # posted @ 12:17 PM
