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Re: Metropolitan Museum of Art No Longer Taking $1 Admissions
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well, is the met collecting annual rent for the land it occupies that it could use to cover operating expenses? most certainly not!Quote:

stc4blues wrote:
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Dolomiti wrote:

However, that characterization seems a bit absurd. The Met only gets about 10% of its budget from public funds (City of New York). Most of its funds are from private donations and its endowment.


And it is built on public land in Central Park given to it by the City 1871. What's the value of that land? Surely it covers public access to the collections within.

Posted on: 1/5 16:13
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Re: Metropolitan Museum of Art No Longer Taking $1 Admissions
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Quote:

Dolomiti wrote:

However, that characterization seems a bit absurd. The Met only gets about 10% of its budget from public funds (City of New York). Most of its funds are from private donations and its endowment.


And it is built on public land in Central Park given to it by the City 1871. What's the value of that land? Surely it covers public access to the collections within.

Posted on: 1/5 14:12
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Re: Metropolitan Museum of Art No Longer Taking $1 Admissions
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Quote:

iGreg wrote:
Quote:

hero69 wrote:
some people want everything for free or close to it.



Yeah sure, especially when the place is sitting on a 3 billion dollar endowment and has a basement full of priceless works of art gifted to them that they don't even have the wall space to display.

FYI, almost all museums keep most of their art in storage. They don't have the room to show most of it. Some works can only be shown for a brief period of time. Some are loaned out to other museums for exhibitions.

Adding space, renovating exhibition space, and renting the Breuer building -- which expands the ability to show work -- are major reasons why the Met has financial difficulties right now.

By the way, the Met has scanned and put online JPEGs of almost their entire collection. If the work is in the public domain, you can download a high-quality JPEG. Few museums offer that kind of access; IIRC the Met was the first to offer it.

Posted on: 1/4 22:16
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Re: Metropolitan Museum of Art No Longer Taking $1 Admissions
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Do u understand how endowments work? Quote:

iGreg wrote:
Quote:

hero69 wrote:
some people want everything for free or close to it.



Yeah sure, especially when the place is sitting on a 3 billion dollar endowment and has a basement full of priceless works of art gifted to them that they don't even have the wall space to display.

May as well charge $25 bucks to walk around and look them.




Posted on: 1/4 21:08
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Re: Metropolitan Museum of Art No Longer Taking $1 Admissions
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Quote:

hero69 wrote:
some people want everything for free or close to it.



Yeah sure, especially when the place is sitting on a 3 billion dollar endowment and has a basement full of priceless works of art gifted to them that they don't even have the wall space to display.

May as well charge $25 bucks to walk around and look them.




Posted on: 1/4 20:39
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Re: Metropolitan Museum of Art No Longer Taking $1 Admissions
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stc4blues wrote:
Sure does. It's those 1%ers who are on the board. They take public money and then charge citizens to pay to see the art they bought with that public money. It's a great scam.

Y'know, I'm not happy about the changes, and I don't think it is a good idea. It sounds like it won't improve revenues all that much, and makes it a less democratic institution.

However, that characterization seems a bit absurd. The Met only gets about 10% of its budget from public funds (City of New York). Most of its funds are from private donations and its endowment.

In contrast, the Smithsonian is free to everyone, because it gets 60% of its funding from the federal government.

Despite the big differences in public funding, the Met has spent decades offering "what you can pay," and arguably could continue the policy. That's not too shabby.

Posted on: 1/4 20:19
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Re: Metropolitan Museum of Art No Longer Taking $1 Admissions
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some people want everything for free or close to it. Quote:

stc4blues wrote:
Sure does. It's those 1%ers who are on the board. They take public money and then charge citizens to pay to see the art they bought with that public money. It's a great scam.

Michael Gross wrote a great book about the scamps and scaliwags that founded the Met: Rogues’ Gallery: The Secret History of the Moguls and the Money That Made the Metropolitan Museum. I've reviewed the book here, Sharks in Formaldehyde: New York’s Met and the People Who Made It.

Posted on: 1/4 15:31
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Re: Metropolitan Museum of Art No Longer Taking $1 Admissions
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Sure does. It's those 1%ers who are on the board. They take public money and then charge citizens to pay to see the art they bought with that public money. It's a great scam.

Michael Gross wrote a great book about the scamps and scaliwags that founded the Met: Rogues’ Gallery: The Secret History of the Moguls and the Money That Made the Metropolitan Museum. I've reviewed the book here, Sharks in Formaldehyde: New York’s Met and the People Who Made It.

Posted on: 1/4 14:15
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Metropolitan Museum of Art No Longer Taking $1 Admissions
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Posted on: 1/4 13:48
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