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Modern and contemporary art is dominating the market. Not just for collectors and galleries, but also for museums, potentially to the detriment of non-modern museum’s revenue and donation potential. Just this spring, the Metropolitan Museum of Art in New York cut staff by as much as 17%, and put construction plans on hold, due to ballooning deficits, at the exact same time the Museum of Modern Art announced that David Geffen has donated $100 million towards expansion and renovation.   “The audience for contemporary art has grown exponentially in the last decade,” said Tom ...

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Andy Warhol and Ulli Lommel on set of Cocaine Cowboys
May 27, 2016

The Warhol Foundation

Andy Warhol is name name well known to even the art neophyte. His legacy is such that decades after his death, he remains an influential figure and driving force in the world of contemporary art. His sudden death of unexpected surgery complications in 1987 left a wealth of art and personal effects behind. Andy Warhol’s will left the entire inventory and estate, with only a few exceptions for family, to the creation of a foundation dedicated to the “advancement of the visual arts.”   After bringing together all types from the art world, from educators and critics to artists ...

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Whitney_Museum_of_American_Art
March 24, 2016

The Met Breuer

The Metropolitan Museum of Art is an undeniable tastemaker in the macrocosm of art. It’s expansive collection includes works dating back ancient civilizations (The Temple of Dendur from 15 BC, for example) to contemporary classics like Janine Antonini’s Lick and Lather, which is on exhibit at the Met Breuer, the museum’s newest foray into the contemporary art sphere. The recent opening of the Met Breuer is a purposeful advance into the modern and contemporary realm, a world from which many critics have observed the institution’s absence. The Met Breuer, located in New York ...

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