The following is from Kovel’s recent update:
The Wedgwood Museum in England has been ordered to sell its $27 million collection to pay bills owed to Wedgwood pension plan creditors. John Cauldwell, a British billionaire, wants to buy the collection, keep it in the museum, and have the museum continue to operate. Then, if the public wants the collection, he will sell it back to the museum when the public raises the money. The museum has not been part of the Wedgwood company for 50 years, but a British pension law makes the museum liable for the debt.
This is a wonderful museum that I visited with a group from the Northern Ceramic Society. I hope that it will not be forced to close. The Birmingham, Alabama has one of the largest Wedgwood collections in the United States.