Home NewsroomArt & Design Met Museum Expects to Suffer $ 100 Million Loss, Plans to Close Until July

Met Museum Expects to Suffer $ 100 Million Loss, Plans to Close Until July

by Bertram Clark

The New York Times reports that the Metropolitan Museum of Art is the first major art institution in New York to be temporarily closed in response to a coronavirus. The shutdown is expected to continue until July and is expected to create a gap of $ 100 million

(Photo via Pixabay)

(Merxwire) – The Wuhan Virus (Coronavirus) from China continues to spread and the world panics, virus infections in Europe surpass China, although most people doubt the credibility of China’s official statistics. The Metropolitan Museum of New York was announced on March 12th that it was about to close. According to the report, it may be closed until July, causing US $ 100 million in damages. Other museums are close behind. The art world has suffered such a huge financial blow and smaller institutions. May face a crisis of survival.

  • Other art venues, museums, and other art and cultural venues in New York followed suit last week.
  • The New York Public Library will be closed until March 31, all events, signatures and reading will be postponed or cancelled, and updated information will be on the NYPL website.
  • The Rubin Museum of Art is closed until the end of the month “The health and safety of our visitors and staff is a priority,” executive director Jorrit Britschgi said in a statement.
  • The 19th Tribeca Film Festival will be postponed until a later date.
  • The Brooklyn Museum is closed from March 13.

Latest news updates affected by coronavirus:

  • Cases hit 218,768 worldwide, deaths exceed 8,944 (March 19, 2020, 00:29 GMT)
  • The U.S. Senate has approved an economic relief plan that will provide paid sick leave, food aid and help with financial testing for viruses.
  • Since Thursday, foreign tourists have been banned from entering Taiwan, and they have cooperated with the United States in mask and protective clothing materials.
  • From March 23, the New York Stock Exchange will temporarily switch to full electronic trading.
  • JPMorgan Chase will temporarily close 1,000 locations, accounting for about one-fifth of its branches, making it the first major bank in the United States to close part of its operations due to the outbreak.
  • General Motors, Ford Motor Company and Fiat Chrysler Motors, Honda and Toyota will temporarily suspend production in North America.
  • British Prime Minister Boris Johnson said all schools would be closed from Friday. “After the school closes on Friday afternoon, the school will remain closed for most students, with the vast majority remaining closed until further notice,” Johnson said.
  • Germany has stopped resettlement programs for refugees as part of government measures against coronavirus. As part of the EU-Turkey agreement, Germany has recruited refugees from Syria and Turkey since 2012.
  • Japan will ban tourists from Italy and Spain from Thursday and implement a 14-day voluntary quarantine for tourists from 38 countries, including Iran and European countries.

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