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Lehman Collapse Likely to Affect Museums

By ARTINFO

Published: September 18, 2008
NEW YORK—The collapse of Lehman Brothers, the 158-year-old investment bank that filed for Chapter 11 bankruptcy on Monday, is likely to be felt in the museum world, where the bank has been a major source of funding, Artnet reports.

In recent years, Lehman has been the lead sponsor of major shows at the Museum of Modern Art, the Guggenheim Museum, the Norton Museum of Art in West Palm Beach, Fla., and the Bruce Museum in Greenwich, Conn.

The bank has also supported the Metropolitan Museum of Art, the American Folk Art Museum, the Asia Society, the Brooklyn Museum of Art, the Dahesh Museum of Art, the Frick Collection, the International Center of Photography, the Japan Society, the Jewish Museum, the Morgan Library & Museum, the Museum of Arts & Design, the New Museum of Contemporary Art, and the Whitney Museum of American Art — all in New York; as well as the Art Institute of Chicago, the Dallas Museum of Art, the Miami Art Museum, the Museum of Contemporary Art, Los Angeles, the Neuberger Museum of Art in Purchase, N.Y., the Philadelphia Museum of Art, and the San Francisco Museum of Art in the rest of the United States; the National Gallery, the Tate Modern, the Tate Britain, the Royal Academy of Arts, and the Victoria & Albert Museum in the United Kingdom; the Städel Museum in Frankfurt; the Musée du Louvre in Paris; and the Mori Art Museum in Tokyo.

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