Revisionist History

Dragon Psychology 101

Jun 18, 2020
Dive into the mysterious world of art museums and the controversial entrance fees of the Metropolitan Museum. Explore the fascinating link between art, accounting, and the hoarding mentality of characters like Smaug. Discover the emotional significance behind everyday objects through Andy Warhol's time capsules and the psychological depths of hoarding, as illustrated by twin brothers' stories. Unpack the cultural significance of dragons, revealing how they embody themes of power and transformation that mirror human behavior.
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INSIGHT

The Met's Financial Woes

  • The Metropolitan Museum imposed entrance fees despite holding a vast, valuable collection.
  • This decision highlights the peculiar relationship between the art world and its assets.
ANECDOTE

The Unseen Rugs

  • At a 1991 FASB hearing, C. Douglas Dillon, chairman of the Met, argued against valuing the museum's collection.
  • He pointed out their Islamic art curator hadn't even seen the rug collection due to storage issues.
ANECDOTE

The Blank Balance Sheet

  • The Met's financial statements omit the value of its collection, only referring to a note.
  • This note states that valuing collections is excluded, unlike standard accounting practices.
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