Home » today » News » New York Metropolitan Museum of Art will sell works due to Covid-19 – Diario Digital Nuestro País

New York Metropolitan Museum of Art will sell works due to Covid-19 – Diario Digital Nuestro País

Washington, Feb 8 (Prensa Latina) .- The Metropolitan Museum of Art (Met) in New York today focuses the attention of curators and collectors on the sale of works to reduce the loss of income due to the Covid-19 crisis.

The gallery recorded a deficit of more than 150 million dollars during the confinement and the subsequent capacity limitation, which led to the beginning of negotiations with auction houses for the sale of pictorial collections.

The impact of the pandemic caused the salary cut to the main positions within the entity and the dismissal of more than 80 workers.

Likewise, the sharp drop in income complicates both the conservation of its funds and the expansion works of the institution’s flagship, the Fifth Avenue building, with a new wing that juts into Central Park.

On its 150th anniversary, the renowned institution is committed to virtual exhibitions on demand that promote interaction with the public and, in turn, achieve a minimum collection.

Other national centers choose to monetize part of their funds in exchange for liquidity, including the Everson Museum of Art, Syracusa, the Brooklyn Museum of Art; the Baltimore Museum of Art; and the Newfields in Indianapolis.

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