Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

LA Story

December 16, 2008 by Marion Maneker

The LA Times has a fairly comprehensive story on LA MoCA and how it rolled the dice on a risky strategy of growing out of its deficit spending ways. But instead of hitting the jackpot, director Jeremy Strick may have put the board members in legal jeopardy as they used funds with strict controls for other purposes. Faced with competition and fueled by ambition, the museum was leveraging its reputation toward growth.

Former trustee Susan Bay-Nimoy described it thus: “The exhibitions became more grandiose, more expensive, to try to capture the imagination” of the public, she said. “But they put the institution in financial jeopardy.”

After percolating for weeks in other venues, this story gives the first full overview of LA MoCA’s runaway train.

Museum of Contemporary Art: Bigger, Bolder and Poorer (Los Angeles Times)

More from Art Market Monitor

  • A View from the Middle of the Contemporary Market: Charlotte Van DercookA View from the Middle of the Contemporary Market: Charlotte Van Dercook
  • Phillips London Contemporary Has Richter, Kippenberger and LichtensteinPhillips London Contemporary Has Richter, Kippenberger and Lichtenstein
  • George Michael’s Collection of YBA Art at Christie’s in MarchGeorge Michael’s Collection of YBA Art at Christie’s in March
  • The Top of the Contemporary Art Market, 2007-2018The Top of the Contemporary Art Market, 2007-2018
  • Francis Outred Leaves ChristiesFrancis Outred Leaves Christies
  • London Gives Some Second Thoughts About June SalesLondon Gives Some Second Thoughts About June Sales

Filed Under: Museums Tagged With: Contemporary

About Marion Maneker

LiveArt

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor