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met opera may sell prized marc chagall paintings 1234770398

New York's Metropolitan Opera is considering selling two monumental Marc Chagall murals, 'The Sources of Music' and 'The Triumphs of Music' (1966), valued at $55 million by Sotheby's, to address a severe financial crisis. The Met has already drawn $120 million from its endowment, reduced performances, and struck a controversial $100 million deal to perform in Saudi Arabia, which has drawn scrutiny over human rights abuses. The murals, which hang in the Grand Tier, would remain in place even if sold, and the Met is also exploring naming rights and theater leasing.

metropolian opera chagall murals explained 2739770

New York's Metropolitan Opera announced it may sell its two iconic Marc Chagall murals, *The Sources of Music* and *The Triumphs of Music*, which have adorned the building's Grand Tier since 1966. The proposal includes a caveat that the paintings must remain in place at the opera, with the owner recognized on a plaque. Sotheby's valued the artworks at a total of $55 million within the past year. The financially beleaguered institution has drawn $120 million from its endowment and reduced its performance schedule since the pandemic, and previously used the Chagalls as collateral for a $35 million loan from J.P. Morgan in 2009.

This art exhibition wants to leave you ‘a bit happier’

Architect and artist François Valentiny, together with his wife Edith Burggraff, has opened a joint exhibition titled "L'art en partage" at the Valentiny Foundation in Remerschen, Luxembourg. Running until 10 May, the show features paintings and sculptures by the couple and is accompanied by concerts, workshops, and community events. Valentiny, known for designing landmarks like KPMG Luxembourg's headquarters and the Bijou building, studied architecture in Vienna and splits his time between Luxembourg and Austria.