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How the rich hurt the museums they fund

Donors are only interested in financing their own institutions so traditional museums have to be even more aggressive to win their dollars

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The recent announcement of a wrenching round of layoffs at the Metropolitan Museum of Art in New York has sent a shiver through the museum world.

New York

THE recent announcement of a wrenching round of layoffs at the Metropolitan Museum of Art in New York has sent a shiver through the museum world. Yet as recently as March, the Met seemed to be on a roll, when it opened a flashy contemporary art annex, the Met Breuer.