Considering that the Beyeler Museum Sample Clauses

Considering that the Beyeler Museum is privately run (there is virtually no public intervention in its policy), one could expect that it would also behave in a market oriented way with respect to its collection policy. This is, however, not the case at all. The collection policy does not differ from what has been undertaken in the past and by purely public museums: there is no de-accessioning; the collection is not valued in monetary terms; and any borrowing and lending take place by exchange, not by offering financial compensation. It must be concluded that such a museum policy is little related to the institutional difference between private and public museums. Rather, it is specific to running (art) museums. We have identified the reputation of the museum management, and the associated accumulated human capital, as the major reason why the collection policy is not based on market principles.
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