If so, the Albright-Knox better start polishing it up.
If you recall, the gallery sold off the above sculpture for a cool $28.6 mil a couple of years ago.
Unfortunately, during tough economic times the arts and culturals suffer.
Gallery Director Louis Grachos says these are temporary measures to offset the impact of the poor economy and protect the future of the institution.
“This time of year, especially around the Memorial Day holiday, is traditionally one of our more lightly visited periods,” Grachos said. “We hope this measure will be the least disruptive for our patrons and at the same time will allow us to capture some essential savings for our budget.”
Grachos says the Gallery has suffered a 20 percent drop in charitable giving and a 21 percent loss of value in the operating endowment. He says he believes this is the first time in the Gallery’s history that it’s had to close for fiscal reasons.
Arts and culturals aren’t the only ones to suffer…not-for-profits all over the board are feeling the pinch as people have scaled back and become more selective with their charitable dollars.