IS IT TRUE November 12, 2013
IS IT TRUE that the Evansville Museum of Arts and Sciences is proud to be recognized as one of the few Museums in the United States to tout the ownership of one of Picasso’s original works of art, an original, that experts say is extraordinarily unique in character and nature of Picasso’s techniques?…the Museum wishes to offer the work of art to any of Picasso’s admirers?… Experts indicate that the prize piece may command astounding offers of as high as $50 Million?…that the community should be excited and thrilled that in the fine art world Evansville is now on the radar?…that before this extraordinary piece of fine art departs the confines of the halls of the Evansville Museum, the citizens of Evansville should have the opportunity to view the Picasso masterpiece considering that the City has been such a major financial supporter of the new addition to the Museum?…the Mayor wants the city to donate $25,000 to the Museum so the Evansville Police Department personnel can provide security in order to allow such viewing?…that considering the large amount of money the city has already donated to the Evansville Museum for its past and most recent expansions, the cost of the security should be the responsibility of the Museum and not the taxpayers of this city?
IS IT TRUE five former employees of Bernie Madoff are on trial in New York City for assisting their jailed boss in a ponzi scheme that allegedly stole $68 Billion from investors including Kevin Bacon and a rogue’s gallery of congressmen?…while lying to get money to do the things one wants ends in prosecution for a well dressed con man like Madoff and all of his accomplices, in the halls of government from cities, to the state, right up to the White House lying carries no penalty whatsoever?…whether a local politician and his cronies lie (or pay a consultant to lie for them) to get some temple to sport built, or a state level political appointee hands out a massive incentive package to a company that never creates the jobs contractually committed to, or if a President of the United States lies to further an agenda creating waste and harm in the process, IN GOVERNMENT THERE IS NO ACCOUNTABILITY?…it makes one wonder how a population can be responsible and honest when the elected leaders are not?
IS IT TRUE for President Bill Clinton said yesterday that President Obama should change the healthcare law so that people can keep their existing health insurance plans?…Clinton said Obama should honor his promise that people could keep their plans under ObamaCare if they liked them?… Clinton said in an interview at OZY.com, “I personally believe, even if it takes a change in the law, that the president should honor the commitment the federal government made to those people and let them keep what they’ve got?†…President Clinton is the latest powerful Democrat to recognize the error in President Obama’s ways and the danger that digging one’s heels in to protect a lie poses to the Democrat Party going forward?
IS IT TRUE President Barack Obama’s healthcare reform has reached only about 3 percent of its enrollment target for 2014 in 12 U.S. states where new online health insurance marketplaces are mostly working smoothly, a report released on Monday said?…states with functioning exchanges have signed up 49,100 people compared with the 1.4 million people expected to be enrolled for 2014, according to the report by healthcare research and consultancy firm Avalere Health?…it is expected that the enrollment data for the other 38 states will be released by the Obama Administration later this week?…the technology guru brought in by the White House to add a touch of private sector competence badly needed by the healthcare.gov website that’s failures have made the Department of Health and Human Services look dumber than a 5th Grader has said in every way possible without calling the President a liar that the website will not be substantially functional by November 30th as the Obama Administration promised on October 25th?…the punch list of problems is longer now than when the smart guys came in?…that is a positive start because the President’s people were as clueless as a bunch of 100 year olds when it came to assessing the problems with the website?
ED I’m not with the spelling police but don’t you mean excited rather than exited
Thanks for the heads up. This has been corrected.
Thanks
Editor
How does one keep an insurance plan that the insurance company is not allowed to offer legally?
So easy for Bill Clinton or anyone to say now, a month after the fact, because it’s too late to reverse the damage that Obamacare has done! Millions have been cancelled and many have already gone through the motions of getting enrolled in new plans.
Better that Pres Clinton made the statement a month after the fact than not at all, don’t you think? Way to go Clinton!President Clinton is no longer the husband of the current Secretary of State, but the husband of a future Presidential candidate. I love it. Now BHO, the ball is in your court. I wonder where BHO’s next “non-truth” will take him? Obama may be turning out to be a bigger thorn in the side of the Democrat party than the TEA party is in the side of the GOP. Ha, ha.
Yes, I’d like to see the painting but then again I’d hate to see 50 million get carted off. I hope it’s in some bank vault now.
Bill Clinton is only calling out the President now because his wife will be running for that office and she’ll want to distance herself as much as possible from an Administration she was a part of, and has an approval rating in the low 40s.
As for Picasso, I’d like to see the thing stay here and be milked for a while. What is the value of owning the rights on the image? What’s the value for Evansville tourism? Is the tourism value greater or less than a convention hotel? How much would it realize in rental fees to other museums? Is a Pablo Picasso masterpiece likely to increase or decrease in value in the future given the current economic and monetary policies of the Federal Reserve and the US Government? Under what circumstances would a Picasso ever decrease in value?
I doubt the donor of the Picasso piece had a decades-long storage and quick fire-sale in mind when they donated the piece to the Evansville Museum and, by extension, the people of Evansville.
The people currently on the Board of the Evansville Museum should step down and retire. It’s clear they have no vision or energy and only serve on the Board so they can have one more accolade on a CV or obituary. The donor and Picasso himself are probably rolling in their graves…that is, unless their graves were paved over by a road.
Two good quotes from Bill Clinton on Barack Obama that he may be hiding under a desk for today.
“So let me ask you something. Are we better off because President Obama fought for health care reform? You bet we are.” from the DNC in 2012
“Obama Played The Race Card On Me” from the 2008 dem primary when Hillary was Obama’s opponent.
Clinton never has liked or respected this mental midget and it is payback time. Look for the attacks to escalate.
I was really disappointed to find out that the Picasso is being sold. If they don’t want to pay for security on it all of the time, I am sure other museums would welcome it as a “loan” and might well get Evansville some great “loans” in return. This city needs something besides a smelly Casino as a “drawing card.”
If it’s up to the idiots running this town they think a convention hotel will save us hahaha
Brad, insurance on a major work of art like this is probably going to run something like 0.2-0.4% of the item’s value per year. It’s hard to believe that the annual premium would be less than $100,000 and I suspect it would be more, possibly much more, given that the museum is not exactly a secure facility.
It is a very great pity that they can’t keep it, but if they really can get $50 million for it and don’t blow the money, an endowment that throws off $2 million+ per year would allow them to do some very wonderful things.
Insurance on art and jewelry is more like 1% per year so budget a half million to display the Picasso. Even at this rate it should be worth it from a tourist attraction perspective. If not then rent it out and keep ownership. That way we get the appreciation and the income.
It won’t be that much, editor–when you are talking about entire collections or exceptionally valuable pieces, there is very stringent underwriting and quite fine gradations in terms of what kinds of loss and damage are being covered. Premiums are also going to vary based on the kind/fragility of the piece, type of display, gallery security, number of anticipated visitors, etc. The kinds of policies that people purchase for their home collections or jewelry or smaller galleries get can run in the 1% range. Some former associates in the insurance biz have told me that they often tell smaller places that their money would be better spent upgrading their security, fire suppression systems, etc. than buying a comprehensive policy.
I’ve been a member of the museum for a long time, and I’m not crazy about some of their acquisition policies, but I suspect they made a reasonable decision. Good people can disagree about this. It would be great to get a one-time exhibition, though.
Bernie Madoff and his conspirators should be hanged from lampposts along Wall Street as a warning to those contemplating similar actions!
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I’m no fan of capital punishment, but these jerks need to be made an example of. Their families shouldn’t be living in luxury on ill-gotten-gain, either.
The Picasso is gone. It’s not in Evansville anymore. Check it out!
Tell us more.
THE COSTS OF GOVERNMENT
http://www.econlib.org/library/Columns/y2010/Murphygovernmentcosts.html
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Worth your time to read.
I’ve never been an art guy. Somebody will shell out $50 million for something that looks like a 3rd grader scribbled on a dinner napkin and we have starving kids right here in the USA. Talk about whacked out priorities.
I’d be 100% on board with you if I thought there was any chance that the money would go to alleviate hunger. The chances of that happening are nil. Local Yokels would amp-up the downtown hotel and get itself deeper in debt.
Taxpayer contributions?
I was under the impression that the Museum is funded entirely through donations. Not that I believed it, but, the concept has floated with me until now.
Regarding the Picasso: I would rather see it gifted to a responsible party than to see it traded for dollars that would only serve to leverage more debt by our Irresponsible Local Governance. BTW: $25,000 worth of security hardly secures a 50 million dollar work of art.
Accountability? let’s see what the 2012 audit and SBO results reveal. …
How long will the media allow the pathologically-lying Clintons to re-write history? Bill and Hill were all for 200-proof Obamacare until they were against it–and we’re not supposed to notice. Former emperor Billy Jeff, the “the shrewdest mind to occupy the Oval Office in our lifetime” according to liberal propagandist Gail Sheehy did not exert 0.00001% of that vaunted shrewdness to discern that the law would inevitably lead to people losing insurance they wanted and being forced into Obamacare?
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