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WEDGWOOD MUSEUM
21.12.2011 / Museums / 0 Comments
High Court rules collection can be sold
The Wedgwood Museum's £18m collection can be sold to help pay off the Wedgwood ceramics mabufacturer's pension liabilities, the High Court has ruled.
The Stoke-on-Trent museum, winner of the 2009 Art Fund prize, was put into administration in 2010 when Waterford Wedgwood Potteries collapsed, and although the museum had been put into the hands of a separate trust when the original Wedgwood Company was taken over to create the new company, by a twist of the law the £134m pension debt was transferred to the museum and the collection considered an asset of the company.
However, Bob Young of the administrators Begbies Traynor, said they will try to raise fund to keep the collection at the museum. "We have already held discussions with the Heritage Lottery Fund, the Victoria and Albert Museum, certain members of the Wedgwood family and other potential benefactors about raising funds" he told the Museums Journal. "We will spend the next few months in intensive discussions with potential benefactors and the museum trustees to try to come up with a proposal that is acceptable to creditors."
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