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deaccession

or de-ac·ces·sion

[dee-ak-sesh-uh n]
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verb (used with object)
  1. to sell (a work of art) from a museum's or gallery's collections, especially with a view to acquiring funds for the purchase of other works.
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verb (used without object)
  1. to deaccession a work of art from a museum's or gallery's collections.
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noun
  1. a deaccessioned work of art.
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Origin of deaccession

First recorded in 1970–75; de- + accession
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018