Briefing

New York’s MoMA to raise US$70M from art sale to expand digital presence

A foundation has enlisted Sotheby’s to auction off paintings and sculptures housed at the Museum of Modern Art, including those by Picasso, Renoir and Rodin. The proceeds will mostly go toward MoMA’s digital activities, which could mean launching a streaming channel, expanding its online course offerings or buying digital art. (The Wall Street Journal)

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