I don’t know if something’s rotten in the state of Denmark, but something’s definitely off in the state of Minnesota. Evidence accumulates that Polaroid has known all along that it never owned most of the work in its collection outright, yet the contents of that collection now move toward the auction block with the approval of the Minnesota Bankruptcy Court. . . . […]
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Coverage of the situation relating to the pending sale of the Polaroid Collection continues. Here’s a story from the September 22, 2009 issue of the Boston Globe, “Through the lens of time,” by Globe staffer Alex Beam. Beam quotes Sam Yanes, formerly of Polaroid and instrumental in the formation of the collection, as follows: “I […] |
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Polaroid Collection: Update 9
In effect, if not by intent, several iterations of the corporate entity known as the Polaroid Corporation have used the bankruptcy courts of Delaware and Minnesota to launder the world-famous Polaroid Collection by legally severing it in toto from any binding, enduring contractual relationships with the picture-makers whose work it contains. In so doing, the court has endorsed the seller’s effective breach of contract in relation to thousands of artworks by hundreds of artists. As precedent, this decision will have ramifications and resonances that the court clearly has failed to envision. . . . […]