Largest US Art Museum May Sell Off Art to Pay Bills
10 days ago - By Peta Pixel
The COVID-19 pandemic has wreaked havoc across the economy, and one niche hit particularly hard has been the world of museums, which has seen ticket sales plummet due to lockdowns and people staying away from indoor spaces. Now the largest art museum in the US is facing a massive budget shortfall, and it's looking into selling art to pay bills.
The New York Times reports that the Metropolitan Museum of Art is looking at a shortfall of up to $150 million and that it has begun conversations with auction houses to explore selling some art to ensure the care of others.
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