NY's Met museum to take over Neue Galerie
The merger will add 13 paintings and a $200 million endowment to preserve the Neue’s Austrian and German art collection.
- On Thursday, the Metropolitan Museum and the Neue Galerie New York announced they will merge in 2028, creating a partnership that renames the Fifth Avenue institution 'The Met Ronald Lauder Neue Galerie.'
- Metropolitan Museum Director and CEO Max Hollein, who served on the Neue Galerie's board for 20 years, said the merger strengthens the Metropolitan Museum's collection by adding 'icons of art history' from early 20th-century Austria and Germany.
- Ronald Lauder and his daughter, Aerin Lauder Zinterhofer, are donating 13 paintings and a substantial gift toward a $200 million endowment to ensure the long-term preservation of the Neue Galerie.
- The Neue Galerie will operate as a branch of the Metropolitan Museum, though it will close on May 27 for planned infrastructure renovations before the 2028 merger takes effect.
- Hollein noted the partnership preserves the distinctive character of the institution, ensuring the mansion at 86th Street and Fifth Avenue continues to offer visitors a chance to 'travel in time.
29 Articles
29 Articles
In NYC, a Historic Art World Merger
New York's biggest art museum is about to get a very gilded annex. The Metropolitan Museum of Art on Thursday announced it will take over the Neue Galerie—the Ronald Lauder–founded museum devoted to German and Austrian modernism—starting in 2028, in a merger that hands the Met an art...
The Neue Galerie, a major art collection owned by businessman Ronald Lauder, will merge with the Metropolitan Museum of Art in 2028, "filling a gap in its collection" with iconic works by Schiele, Kandinsky, Kokoschka and others.
The Metropolitan Museum of Art in New York is merging with the Neue Galerie, a New York-based museum specializing in 20th-century Austrian and German art. The merger takes the form of the Neue Galerie donating over 600 works of art, including its representative collection Gustav Klimt's portrait "Lady in Gold," as well as the museum building, to the Met. The Financial Times described it as "one of the largest mergers in history involving the don…
Manhattan's Neue Galerie to Merge With Met Museum
In a surprise move, cosmetics billionaire Ronald Lauder's Neue Galerie will merge with the Metropolitan Museum of Art down the street on Manhattan's Fifth Avenue. The rare merger will come into effect in 2028, The Met announced in a statement today, May 14. Neue Galerie holds a collection of late 19th- and early 20th-century artworks from Austria and Germany, including its star attraction: Gustav Klimt's gold-leafed "Portrait of Adele Bloch-Baue…
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