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The Met Considers Selling Its Art To Stave Off Financial Shortfall - NPR

The Met Considers Selling Its Art To Stave Off Financial Shortfall - NPR

The Met Considers Selling Its Art To Stave Off Financial Shortfall - NPR
Feb 22, 2021 38 secs

Visitors wear masks at the Metropolitan Museum of Art in October.

The museum's director says the Met is considering selling art to pay for operating expenses.

The museum's director says the Met is considering selling art to pay for operating expenses.

The pandemic is causing The Metropolitan Museum of Art in New York to consider selling its artwork to cover operational costs as it falls short of $150 million in revenue.

The process of selling artwork, also known as deaccessioning, is regulated by the Association of Art Museum Directors, a professional organization that sets policies and guidelines for art museums across America.

The move has met with some criticism, including from former Met director Thomas Campbell, who warned that selling art to cover operating costs could "become the norm."

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