After 48 years of operation, the Rose Art Museum announced that it would close by summer and sell off its collection, which is especially strong in twentieth century American art and includes over 6,000 works. According to sources, Brandeis University decided to close the museum in response to economic strains brought on by the recession, and the institution hopes the auction of their collection will help them out of a $10 million dollar budget deficit. I was unable to find a press release from the museum directly addressing the situation, but the news comes from the Boston Globe and the LA Times. The Rose Art Museum, directed by video art scholar Michael Rush since 2005, has hosted a number of wonderful exhibitions over the years, notably Balance and Power: Performance and Surveillance in Video Art which included artists such as Jill Magid, Jim Campbell, Kristin Lucas and Harun Farocki, whose work we've covered in some depth on Rhizome.