Before Covid-19 spurred layoffs, the Met spent a median of $200 million a yr on workers costs, or about two-thirds of its annual operating revenue of approximately $300 million. The a lot smaller Toledo museum spends a median of $9 million a year on staff—half director Levine’s finances. Most public support occurs on the state and native stage, but it varies widely by community. The art museum in Toledo, for instance, receives no government funding. An hour away, voters in metro Detroit just lately renewed a property tax that brings in approximately $26 million a 12 months for the Detroit Institute of Arts—or practically half its annual budget. Having entry to a wealthy community—in particular rich board members—is important on this category.
Tax break for museum directors, Chelsea Museum in crisis, Bronzino in Florence, Hirst wheel covers, more. Plus, Saatchi museum on maintain, disgraced lawyer art to Phillips, more. Plus, …