\r\n NYC’s Guggenheim Museum increases admission by 20% amidst declining visitors and fiscal crisis, echoing a trend in major US art institutions.<\/span><\/p>\n <\/span>\r\n\r\n \r\n
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Not Alone in the Struggle<\/b><\/h2>\n
The Guggenheim is far from the only cultural institution to make this tough decision. The Metropolitan Museum of Art, the Whitney Museum of Art in NYC, the Philadelphia Museum of Art, and the Art Institute of Chicago have all been pushed to raise admission fees for non-residents. The MET, for instance, raised its prices by $5 in July 2022, thereby becoming the most expensive museum in the city at that time.<\/span><\/p>\nGovernment Subsidies and Public Reactions<\/b><\/h2>\n
In addition to raised admission prices, <\/span>museums <\/span>like the Guggenheim are typically granted tax exemptions and government subsidies due to their non-profit status. The Guggenheim received $520,000 for its $67.7 million budget, while the MET was allocated $26 million for the 2023 fiscal year to bolster its $300 million budget. Moreover, many of New York\u2019s prominent cultural establishments, including the Guggenheim and the Whitney, received federal bailouts during the pandemic.<\/span><\/p>\nCultural Shifts and Future Implications<\/b><\/h2>\n
The dilemma is further complicated by changing cultural consumption habits. Harry Phibrick, Interim Executive at the Fabric Workshop and Museum in Philadelphia, noted that younger generations, accustomed to free access to culture via the internet, may be less inclined to pay for art. As the debate continues, art institutions are tasked with the challenge of striking a delicate balance between maintaining operational sustainability and ensuring that their collections remain accessible to diverse audiences.<\/span><\/p>\nIn conclusion, as museums across the US, including the iconic Guggenheim, grapple with fiscal crisis and changing cultural expectations, they are faced with making tough decisions that may impact public access to art and culture. The hope is that a sustainable solution can be found \u2013 one that preserves the health of these vital institutions while keeping the doors of culture open to all.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":10028,"featured_media":166789,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[852],"tags":[],"class_list":["post-166754","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-art-events"],"acf":[],"_links":{"self":[{"href":"https:\/\/culture.org\/wp-json\/wp\/v2\/posts\/166754"}],"collection":[{"href":"https:\/\/culture.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/culture.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/culture.org\/wp-json\/wp\/v2\/users\/10028"}],"replies":[{"embeddable":true,"href":"https:\/\/culture.org\/wp-json\/wp\/v2\/comments?post=166754"}],"version-history":[{"count":0,"href":"https:\/\/culture.org\/wp-json\/wp\/v2\/posts\/166754\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/culture.org\/wp-json\/wp\/v2\/media\/166789"}],"wp:attachment":[{"href":"https:\/\/culture.org\/wp-json\/wp\/v2\/media?parent=166754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/culture.org\/wp-json\/wp\/v2\/categories?post=166754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/culture.org\/wp-json\/wp\/v2\/tags?post=166754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}