Met Museum a great institution in decline?
The Metropolitan Museum of Art is now struggling with missteps and the perils of overreaching at a time of uncertain resources
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New York
THE bad news had been building for months at the Metropolitan Museum of Art.
Even as crowds poured into shows on Hellenistic kingdoms and high-tech fashion, the Met's deficit was approaching US$40 million and had forced the buyout or layoff of some 90 employees. An expansion into a satellite building cost millions of dollars more than expected. A new Met logo and marketing plan were rolled out at great expense - and greeted with ridicule. And last month, a new US$600 million wing was postponed by several years, frustrating the Met's efforts to become a serious player in the competitive field of modern and contemporary art.
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