Art Market Monitor

Global Coverage ~ Unique Analysis

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

Does MoMA’s $51m in Acquisitions Make it Untouchable?

April 29, 2012 by Marion Maneker

The Financial Times is full of tidbits this weekend, including this paragraph in their story about Sheena Wagstaff’s role at the Met where the writer happens to mention the size of MoMA’s acquisitions last year. What’s interesting to ponder is how MoMA’s $51m stacks up against Francois Pinault or Laurence Graff’s annual acquisitions budget:

Wagstaff has stressed that she would not seek to rival or duplicate the collections of MoMA, the Whitney and the Guggenheim. According to its financial statements, MoMA spent $51m on acquisitions in 2011. Veteran curator Robert Storr, dean of the Yale School of Art, says:“There is no way that any museum in the world can ever catch up with MoMA in terms of its encyclopedic holdings of classic modern and contemporary art, although some rival it in particular areas, like the Pop Art collections in the Museum Ludwig in Cologne.

New Kid on the Block (Financial Times)

More from Art Market Monitor

  • Crane.tv: ArtBasel HKCrane.tv: ArtBasel HK
  • Modigliani Times the MarketModigliani Times the Market
  • Cleveland Museum’s David Franklin ResignsCleveland Museum’s David Franklin Resigns
  • Sigmar Polke Is Too Big for MoMASigmar Polke Is Too Big for MoMA
  • Australia’s Experiment with Art Investment for Retirement Accounts Faces Important HurdleAustralia’s Experiment with Art Investment for Retirement Accounts Faces Important Hurdle
  • Malaysian Art Market Has ‘Grown More in Last 2 Years Than Previous 20’

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