National Gallery acquires Corcoran masterworks

The crumbling Corcoran Gallery of Art has has recently transferred 6430 major works to the National Gallery of Art. The agreement between two of Washington D.C.’s major art institutions includes the transfer of pieces, as well as giving the NGA responsibility to liquidate the inventory it chooses not to absorb.

The Corcoran Gallery had faced increasing financial difficulty as its parent institution the Corcoran College of Art & Design also floundered in the sector-wide dry up following the recession. The Washington Post outlined an earlier attempt to remedy financial woes by relocating in 2012.


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