The Museum of Modern Art (MoMA) has opened the exhibition 'Frida and Diego: The Last Dream,' a collaboration with the Metropolitan Opera tied to its upcoming production of the opera 'El Último Sueño de Frida y Diego.' The show, designed by stage and costume designer Jon Bausor, transplants theatrical elements like a tree-of-life set model and blue tarp drapes into the gallery, alongside a reshuffling of key Kahlo and Rivera works from MoMA's collection.
The Metropolitan Opera and the Museum of Modern Art (MoMA) have launched a rare cross-disciplinary collaboration centered on the life and work of Frida Kahlo. The project features a new operatic production at the Met, complemented by a specialized exhibition at MoMA conceived by the opera's set designer to provide visual and historical context.
The Metropolitan Opera in New York faces a $30 million deficit after a $200 million funding deal with Saudi Arabia collapsed. The Saudi government withdrew from the agreement, which would have sent Met performers to the Royal Diriyah Opera House for three weeks each February, citing economic pressures from the Iran War and the blockage of the Strait of Hormuz. To address the shortfall, the Met is considering selling two monumental Marc Chagall paintings—The Sources of Music and The Triumph of Music (1966)—valued at $55 million, along with other options like selling naming rights or seeking a similar deal with another country.
The Metropolitan Opera has announced that Saudi Arabia reneged on a noncommittal memorandum of understanding that would have provided up to $200 million over eight years to the cash-strapped New York institution. Met general manager Peter Gelb said the Saudis blamed the war in Iran and the blocked Strait of Hormuz, but funding had already failed to materialize before the conflict, prompting preemptive layoffs in January. Separately, Berlin culture senator Sarah Wedl-Wilson resigned after a state audit found she illegally authorized €2.6 million for 13 projects meant to combat antisemitism, violating budget regulations. Other news includes President Trump's plan to renovate the Lincoln Memorial reflecting pool, Ontario increasing support for the Art Gallery of Ontario and Royal Ontario Museum, Rome's new photography museum, and the appointment of Thiago de Paula Souza as curator of the eighth Athens Biennale.
Salvador Dalí’s largest ever painting, a monumental 13-panel stage set created for the ballet "Bacchanale," is set to lead Bonhams’s fourth annual Surrealist sale in Paris on March 26. Measuring 65 by 100 feet, the work was originally commissioned for the Ballet Russes de Monte Carlo and features Dalí's signature paranoiac-critical imagery, including a central depiction of Mount Venus. The set, which premiered at the Metropolitan Opera in New York in 1939, is estimated to fetch between $236,000 and $350,000.
Saudi Arabia is significantly scaling back its ambitious "Vision 2030" cultural and infrastructure spending due to falling oil prices and massive budget overruns. Major international projects, including a $200 million investment deal with the Metropolitan Opera in New York and funding for the Centre Pompidou’s refurbishment, are currently in limbo or facing payment delays. Reports of unpaid invoices to art service firms and the halting of "gigaprojects" like Neom suggest a period of financial retrenchment for the kingdom.
The Metropolitan Opera is considering selling its two iconic Marc Chagall murals, 'The Sources of Music' and 'The Triumph of Music,' which have been appraised at $55 million. The institution's general manager, Peter Gelb, has proposed a sale with the condition that the buyer agrees to leave the works in place at Lincoln Center, with a donation plaque.
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.
The article reports on a growing trend in the art world called a 'strategic pause,' where galleries and art fairs are temporarily suspending operations to reassess their futures. Vienna's Spark Art Fair announced a hiatus, Berlin dealer Mehdi Choukri is pausing exhibitions at his 30-year-old gallery, and the Art Dealers Association of America's Art Show skipped a year to 'reimagine' its direction. Additionally, the Metropolitan Opera in New York is considering selling its iconic Marc Chagall murals, and a fresh-to-market Magritte painting is heading to Christie's London.
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.