All posts tagged: Chagall

Financially Strapped Met Opera May Sell its Prized Chagall Paintings

Financially Strapped Met Opera May Sell its Prized Chagall Paintings

New York’s Metropolitan Opera is facing a serious financial crunch, and may sell two beloved Marc Chagall murals to help fill the gap—but if it does, it will leave them in place. Sotheby’s valued the artworks at a total of $55 million, reports the New York Times. Unveiled in 1966, The Sources of Music and The Triumphs of Music measure some 30 by 36 feet and hang in the building’s Grand Tier. The Met, which has an annual budget of $330 million, has drawn $120 million from its endowment (more than a third of the balance), reduced its performance schedule, and entered into an agreement with Saudi Arabia that will see the company perform there for three weeks each winter, notes the Times, which reports that the deal is expected to bring the Met more than $100 million. The deal has come in for some scrutiny since Saudi Arabia has a record of serious human rights abuses, including the 2018 murder of dissident journalist Jamal Khashoggi. And while he says he has been assured the …