Museums need to find new strategies for operating, writes Adrian Ellis. “Just as public collections will be reshaped over the next quarter century by the converging demands for restitution from an ever growing and more sophisticated set of parties, so the tensions between the enormous financial value of collections and the lack of liquidity of the institutions that own them are likely to manifest themselves in increasingly strange ways. The sector’s response to restitution shows every sign of being piecemeal, defensive and ultimately damaging to its long term standing in the eyes of the wider community in which museums operate.”