Art Market Monitor

Global Coverage ~ Unique Analysis

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

Is This the Golden Age of Museum Attendance?

March 17, 2009 by Marion Maneker

The LA Times’s Culture Monster blog gave us a neat little window into the paradox facing museums. Endowments are down, putting pressure on operating budgets just as attendance is beginning to rise. We’ve already seen positive numbers on movie ticket sales and European book buying. During an economic rout, the life of the mind gives folks more bang for the buck. At the Getty Museum, the operating budget is going to be cut by 25% but already attendance is up 19%, according to Getty spokesman, Ron Hartwig. Here’s what else Culture Monster’s Mike Boehm has to say:

Hartwig says a new marketing slant emphasizing the park-like surroundings, striking views and architectural grace of the two museums seems to be working, along with a revised weekend parking scheme that has freed up more spaces at the Villa, where parking reservations are required. Also, it doesn’t hurt that, parking aside, admission remains free — something Getty President James Wood says he aims to preserve amid the cuts.

Munitz While other museums can at least hold out the hope of being bailed out by a wealthy donor or donors — remember the recent MOCA emergency? — the Getty Trust typically raises less than $1 million a year in cash donations and has not cultivated the gang of go-to philanthropists that other institutions must marshal to sustain themselves. It simply hasn’t had the need, what with its huge endowment generating enough of an investment return, until now, to keep the operation humming.

When then-President Barry Munitz (left) floated a trial balloon about the need to begin vigorous fundraising so as to diversify the trust’s income sources and cushion it against market downturns, his idea got strafed by other museum leaders, who said they were having enough trouble raising the money to balance their budgets without having to compete with the Richie Rich of the museum world.

Getty Attendance Grows as Its Funding Falls (Culture Monster/LA Times)

More from Art Market Monitor

  • Lucian Freud’s Estate = £95mLucian Freud’s Estate = £95m
  • Older Americans Abandon Art MuseumsOlder Americans Abandon Art Museums
  • SpongeBob Gangster PantsSpongeBob Gangster Pants
  • Titling at HirstTitling at Hirst
  • Indian Art Fair Spawns AnotherIndian Art Fair Spawns Another
  • Sotheby's Fails to Sell Indian LotsSotheby's Fails to Sell Indian Lots

Filed Under: Museums

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