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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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.
Indeed, if you've thought at all about the fate of art museums in the 21st century, it is probably as a rare example of good news in difficult times. The San Francisco Museum of Modern Art has just opened a US$305 million addition, creating what is described as the largest art museum in the country. Last year, two high-profile museums opened in New York (the new US$422 million Whitney building downtown) and in Los Angeles (the US$140 million Broad).
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