 Nevertheless, on November 6, 1991, eleven works were auctioned off at Christie's, bringing in $3.65 million which Brandeis said would be used for "an endowment that will pay for acquisitions, education and conservation".On January 26, 2009, Brandeis president Jehuda Reinharz announced in an email to staff and students plans to close the museum by the end of the summer in response to the global financial crisis of 2008–2009.University spokesman Dennis Nealon called the surprise announcement a "hard decision", but said, "The bottom line is that the students, the faculty and core academic mission come first.