Recently ARTinvestment.RU wrote about how the crisis on Wall Street impact on the New York cultural institutions. In addition to this article, we present some details

ARTinvestment.RU already wrote about that the crisis on Wall Street inevitably affect the financing of cultural institutions in New York . As is known, recently bankrupt bank Lehman Brothers was one of the main sponsors of the New York museums. According to Bloomberg, in 2007, the bank has spent 39 million dollars for various programs related to art. Lehman was the main sponsor of events such as the retrospective of Marden Bruce (Bruce Marden) in the Museum of Modern Art (MoMA) and an exhibition of Jackson Pollock (Jackson Pollock) in the Guggenheim Museum.

Member of the Board of Directors of Lehman Brothers Ekers, John F. (John F. Ekers) is a Board of Trustees of the New York Metropolitan Museum, which the Bank allocated substantial sums of money. In addition, Lehman Brothers helped the Museum of American Folk Art, Asia Society, Museum of Art in Brooklyn, Museum of Arts Dahesha, HC Frick Collection, the International Center of Photography, the Society of Japan, the Jewish Museum, Library and Museum Morgana, Museum of Art and Design, New Museum of Contemporary Art and the Whitney Museum of American Art. All of these museums are among the most famous cultural institutions of New York.

Lehman Brothers to finance various programs and in other American museums, including such important as the Museum of Contemporary Art in Los Angeles and the Museum of Contemporary Art San Francisco.

British cultural institutions, in particular the National Gallery, Tate Gallery, the Victoria and Albert Museum and Royal Academy of Arts, also suffered from the collapse of the bank.

Lehman Brothers sponsored the Staedel Museum in Frankfurt, Paris Louvre Museum and the Mori Art Museum Tokyo.

Sources: artnet.com , artinvestment.ru