Wedgwood Museum faces selloff to pay £134m pension debt after court ruling – The Guardian

Posted December 20th, 2011 in artistic works, news, pensions by tracey

“Britain is set to lose a world-renowned museum following a high court ruling which could force it to sell its collection to pay off a £134m pension deficit. The Wedgwood Museum in Stoke-on-Trent faces being forced to sell its historic collection of china, masterpieces by Stubbs, Romney and Reynolds, and an archive linked to the nation’s social and industrial history. Judges in Birmingham ruled that the pottery collection owned by the museum was an asset of Waterford Wedgwood Potteries, which went bust in 2009. The collection can now be sold to pay off creditors, the largest of which is the Pension Protection Fund.”

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The Guardian, 19th December 2011