Thanks to the extraordinary value of art these days, supported by the need of the 1% to fill their homes with grand works, it is hardly surprising that criminals are attracted to this market. But let me suggest that current 3D printing technology may reduce the value of original art by allowing true “museum-quality” reproductions to be created at prices far below the cost of original or smuggled art, reducing the theft problem, while also allowing museums to expand their collections in an affordable way.
Seeking a permanent home for his collection of over 4,000 objects, in 1972 he welcomed an overture from the financially troubled Pasadena Museum of Modern Art. He ultimately assumed control and naming rights, and in 1974 it was renamed the Norton Simon Museum. In 1987, the University of California, Los Angeles, announced an "agreement in principle" with Simon for the transfer to the university of the art collection owned by two Simon foundations – the Norton Simon Foundation and the Norton Simon Art Foundation. The plan was to keep most of collection in Pasadena, administered by UCLA, the Simon board and the Norton Simon Foundation. The university was to build a separate museum facility on campus for part of the collection. However, Simon withdrew his offer three months after the announcement was made.
So long as museums continue to spend money to acquire even well-provenanced antiquities, they will be signaling that antiquities are worth a lot of money whether well-provenanced or not. That in turn will drive continued circulation of recently-looted artifacts for less-fastidious collectors around the world. Museums should certainly make provenance info about objects acquired from dealers who have been arrested, they need to do much more than that if they want to make a real difference. To begin with, all provenance information about all artifacts that museums consider acquiring — not just about artifacts sold by arrested dealers, not just about artifacts acquired, but also artifacts looked at and refused because the provenance looked dodgy — should be made available for researchers and to the police. Beyond that, museums should shift themselves, and encourage collectors to shift, away from purchasing antiquities so as to reduce demand, and museums should think of ways in which they might generate financial support to help pay for more site guards. One way would be for museums to take out of storerooms and lease out artifacts that collectors would gladly pay to temporarily display (like the Palmyra sculpture the Boston MFA showed for the first time in decades to honor the decapitated Palmyra site director). Another way would be for museums to push collectors and dealers to join them to support the imposition of a tax on antiquities sales, with the revenues dedicated to funding better and more site protection and policing of the illicit trade.
The first object Greene donated, in 2003, to the Honolulu Academy of Arts, whose holdings are shown at the Honolulu Art Museum, was an 11th-century Cambodian sculpture. After the work was delivered to the museum on time and received in good condition, the museum struck up a deal the following year that Greene would receive an $80,000 annuity for the rest of his life. The museum made this deal because Greene had offered to loan 37 more objects under the condition that he could provide sufficient provenance information.
Simon was born February 5, 1907 in Portland, Oregon, to Myer and Lillian Simon (née Gluckman). He had two younger sisters, Evelyn and Marcia. Simon's father was a businessman who operated his own wholesale goods store, Simon Sells For Less. though the family's financial situation fluctuated. When he was a child, his parents purchased a cottage in Seaside, Oregon, where he spent time during his youth. His mother died in Seaside when Simon was fourteen of complications stemming from type 1 diabetes.
With the growing profits from Hunt Foods, he began buying stock in other undervalued companies with growth potential, many of which were still undervalued following the loss of confidence in equities after the Great Depression. He diversified through acquisition into well known businesses such as McCall's Publishing, the Saturday Review of Literature, Canada Dry Corporation, Max Factor cosmetics, the television production company Talent Associates, and Avis Car Rental, through his holding company Norton Simon Inc. (Norton Simon Inc. was formed in 1968 through the merger of Hunt Foods, McCalls Publishing and Canada Dry Corporation.) Many of these businesses had extensive interests outside the United States. Norton Simon Inc. was later acquired by Esmark in 1983, which merged with Beatrice Foods the next year. Beatrice was sold to ConAgra in 1990.
In March 2014, Bonhams withdrew a 2,000-year old Assyrian stele estimated at £600,000-£800,000 ($1m-$1.3m) and which was slated for auction on 3 April. The broken stone slab depicting a praying king – and containing a curse in cuneiform which would fall on anyone removing it from its site – was suspected of being looted from eastern Syria at an unknown date. The top half of the slab has been in the British Museum since the late 19th Century. Bonhams says that its piece was withdrawn for “further study”.