21.5 C
New York
Saturday, July 27, 2024

The museum faces a severe financial crisis after Fake Basquiats.

Arts and EntertainmentThe museum faces a severe financial crisis after Fake Basquiats.

The executive director of the museum spoke to several trustees and influential donors on the eve of Christmas. The OMA was still reeling from its disastrous exhibition of paintings it had said were made by the art world legend Jean-Michel Basquiat, which was seized by members of the Federal Bureau of Investigation's Art Crime Team. The F.B.I. was told by a Los Angeles auctioneer that he and an associate had forged some of the paintings. In her December meeting, Mattson said it had cost the museum hundreds of thousands of dollars to hire crisis communication professionals and a legal defense team to deal with the consequences. The museum has a lawsuit against the owners of the purported Basquiats, as well as the former executive director, who brought in the show and was fired after the F.B.I. raid.

Check out our other content

Check out other categories:

Most Popular Articles