Mona has lost $408m but David Walsh is 'completely happy'

Mona (Museum of Old and New Art) in Hobart, Tasmania, has accumulated $408 million in losses since opening in 2011, with $63 million lost in 2023-24 alone. Founder David Walsh, who is completing a $100 million expansion, stated he is "completely happy with the finances" and never intended the museum to be profitable. Walsh outlined potential cost-saving measures like raising ticket prices and scaling back festivals, but said he won't implement them himself, leaving that to future leadership.