All posts tagged: Glenn Lowry

Sotheby’s Shifts to Private Sales and MoMA Needs Funding

Sotheby’s Shifts to Private Sales and MoMA Needs Funding

On the 66th floor of the Spiral office building in Hudson Yards, Museum of Modern Art director Glenn Lowery told a crowd of art industry insiders he does in fact “sweat bullets” and lose sleep over how much money he has to raise every year. “For sure!” Lowery said to laughs in the crowd, noting the large shifts in the museum’s endowment, building space, size of its collection and annual budget since he joined in 1995. “That $1.75 billion endowment produces $74, $75 million. We still have to find $110 million. I worry every day about that.” Related Articles “I have not had a good night’s sleep in pretty close to 25 years,” Lowery told journalist and panel moderator Julia Halperin on April 9, to more laughs. The reveal that MoMA’s endowment had grown $200 million since its last audited financial statements was among the many highlights during the second edition of the Talking Galleries conference in New York. This year’s event was organized by the Barcelona-based non-profit think tank in collaboration with New York-based …