Close Menu
Savannah HeraldSavannah Herald
    We're Social
    • Twitter
    • Facebook
    • YouTube

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Trending
    • California says two air contaminants may pose ‘unacceptable’ higher cancer risk
    • Why So Many Guys Are Obsessed With Testosterone
    • Spies, Sanctions, Cyberattacks: China and the U.S. Clash Behind the Scenes
    • Jannik Sinner: World No 1 closes in on Italian Open final against Casper Ruud before rain halts Daniil Medvedev clash | Tennis News
    • Best portable monitors 2026: Displays that go with you
    • “We are not trying to dismiss handmade work or disrespect creators” – studio behind popular party game Party Animals backtracks after AI video contest outcry
    • Redefining What Efficiency Means in the Age of AI
    • Crockpot Kung Pao Chicken (Panda Express Copycat) + VIDEO
    Facebook X (Twitter) Instagram YouTube
    Login
    Savannah HeraldSavannah Herald
    Savannah HeraldSavannah Herald
    Home » The Met Will Expand by Merging With the Nearby Neue Galerie
    Business

    The Met Will Expand by Merging With the Nearby Neue Galerie

    Savannah HeraldBy Savannah HeraldMay 14, 20267 Mins Read
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Business Insights: Global Markets, Strategy & Economic Trends

    Key takeaways
    • The merger secures the Neue Galerie’s jewel-box character and brings its 20th-century Austrian and German art into the Met’s care.
    • Ronald S. Lauder and Aerin Lauder Zinterhofer will donate major works and fund an estimated $200 million endowment for long-term preservation.
    • Iconic pieces like Portrait of Adele Bloch-Bauer I (“Woman in Gold”) will remain at the Neue Galerie, though select loans to the Met possible.

    In a rare convergence of cultural forces, the Neue Galerie New York and its significant collection of 20th-century Austrian and German art will merge with the Metropolitan Museum of Art in 2028, both institutions announced on Thursday.

    The Neue, which the cosmetics heir Ronald S. Lauder opened in 2001, most famously features the gold-flecked Gustav Klimt portrait known as the Woman in Gold. Once the Neue merges with the Met, the largest museum in the country, it will be renamed the Met Ronald S. Lauder Neue Galerie and referred to as the Met Neue Galerie.

    “This represents an enormous opportunity,” said Max Hollein, the Met’s director and chief executive, who for 20 years has served on the Neue’s board. “It allows us to be the custodian, not only of an enormous amount of very important works of art, but also of a place with profound integrity and beauty and vision.”

    Lauder said the merger aimed to preserve the Neue’s jewel box character beyond his tenure as co-founder, president and chairman. He added that he was reassured by how the Cloisters, the Met’s medieval art branch, has maintained an independent identity.

    “Somehow I don’t think I’m going to live to 120,” said Lauder, 82. “I want to make sure that after I’m no longer there — whatever happens — the Neue Galerie will stay the Neue Galerie.”

    To create an endowment that has been estimated at $200 million for the long-term care and preservation of the Neue, Lauder and his daughter, Aerin Lauder Zinterhofer, plan to make a substantial gift. They are also donating 13 Austrian and German paintings from their personal collection to the combined institutions.

    Those works include Klimt’s large-scale portrait “Die Tänzerin (The Dancer)” (circa 1916-18); Ernst Ludwig Kirchner’s “Die Russische Tänzerin Mela (The Russian Dancer Mela)” (1911); and Max Beckmann’s “Galleria Umberto” (1925). Their promised gifts also include Klimt’s “The Black Feather Hat” (1910), and works by Otto Dix, George Grosz and Franz Marc.

    “This is an area where the Met’s collection is not very strong,” Hollein said. “If you look at Vienna 1900, Berlin 1920s — this was really the epicenter of the development of the avant-garde and it’s important to have a broad and deep collection there.”

    Asked if he had stipulated certain protective conditions in the merger, Lauder quipped, “Only about 30 pages.”

    The Museums Special Section

    Will the Met be able to borrow artworks to display in its flagship Fifth Avenue location? “For an exhibition perhaps, but not certain pieces,” Lauder said. Those exceptions include the Woman in Gold, formally titled “Portrait of Adele Bloch-Bauer I” (1907), which Lauder bought privately in 2006 for $135 million.

    “‘Adele Bloch-Bauer’ stays where it is,” Lauder said. “It is our Mona Lisa.”

    Hollein, who is Austrian, has known Lauder since he was a teenager. When Lauder served as U.S. ambassador to Austria for a year in the 1980s, he became friendly with Hollein’s father, the prominent postmodern architect Hans Hollein, and his mother, Helene Hollein, a fashion designer. Over time, Lauder said he came to admire Max Hollein’s stewardship of museums like the Fine Arts Museums of San Francisco and several institutions in Frankfurt.

    “When I started working on the Neue Galerie, one of the first people I spoke to was Max,” Lauder said. “He was with us almost from the beginning.”

    The Neue Galerie, at 86th Street and Fifth Avenue, is the Met’s neighbor. Hollein also likened its Beaux-Arts 1914 mansion environment to one of the Met’s period rooms, providing a holistic experience that makes a visitor “travel in time.”

    Most of the new endowment for the Neue has already been raised thanks to an undisclosed lead gift from Marina Kellen French, a Met board member, and contributions from other trustees including Candace K. Beinecke, Daniel Brodsky and Blair Effron.

    Max Beckmann’s “Galleria Umberto” (1925) is one of the 16 artworks that Lauder and his daughter will be donating to the Met and Neue Galerie once they merge.Credit…Artists Rights Society (ARS), New York; via Neue Galerie New York

    It is unclear what the museum merger will mean for the Neue’s founding director, Renée Price, who earned a total compensation package of about $922,000 in the 2024 fiscal year, according to the most recently available tax forms.

    “The next couple of months will allow us to work on the operational structure,” Hollein said. “How we are going to run this and who is going to be in charge of what — we’ll address that a bit later.”

    Price, for her part, said she envisioned the merger as “a collaboration.”

    “If I can put it in musical terms, it’s like we play chamber music and the Met has a powerful orchestra with a big choir,” she continued. “We can make music together.”

    Lauder has had a long tenure as a trustee at the Museum of Modern Art, but he has also built a relationship with the Met. In 2020 he gave 91 pieces of arms and armor to the Met, whose Arms and Armor galleries were then named after him. (In 2013, Lauder’s brother, Leonard A. Lauder, gave the Met his collection of 78 Cubist paintings, drawings and sculptures, valued at more than $1 billion.)

    “My feeling towards MoMA does not change,” Ronald Lauder said. “It’s a museum I love, and I care very, very much about it.”

    Lauder began collecting Austrian art while still a teenager in the late 1950s and a decade later became a client and friend of Serge Sabarsky, a longtime New York dealer in Austrian and German art. To create an intimate museum like the Morgan Library or the Frick, they in 1994 purchased a Beaux-Arts mansion, designed by Carrère & Hastings, which was then renovated by the architect Annabelle Selldorf.

    The resulting Neue Galerie has become known almost as much for the Wiener schnitzel and Sacher torte in its Café Sabarsky as for the Klimts, Schieles and Beckmanns on the gallery walls.

    It will close for planned infrastructure renovations on May 27 and reopen to the public in the fall with a 25th anniversary exhibition. Café Sabarsky, whose marble-topped tables were imported from Vienna, will remain intact.

    “What many people do is go see the exhibition and come down to the Cafe Sabarsky to have a delicious coffee,” Lauder said. “As Serge said, ‘If you don’t have good coffee, you don’t have a good museum.’”

    1. Robin Pogrebin

      Reporter covering arts and culture

      Ronald S. Lauder, the cosmetics heir and collector, wanted to make sure his beloved Neue Galerie would end up in good hands — continuing to show prime examples of 20th-century Austrian and German art in the jewel box setting of its current Fifth Avenue mansion. Now a merger with the Met Museum has helped ensure that future; the two will join forces as of 2028.

    2. “From strength to strength,” as another Met benefactor, Walter Annenberg, was fond of saying when speaking of his gifts to the museum. This kind of largesse that enriches us all is what people with great wealth should be doing.

    3. This is spectacular and exciting news for The Neue, The Met, NY, and art lovers everywhere. This work matters more than ever, and deserves even larger exposure. The Neue since its inception has filled a huge gap for German Expressionism and adjacent in the US. They are steadfastly committed to telling the story deeply and precisely, and every visit yields endless rewards and timely parallels to today. Its also beyond chic always well done. A jewel in the city. Oh I’m so happy for all involved!

    Read the full article from the original source


    Acquisitions and Divestitures art Bloomberg Business Business Law Business News Business Standard Corporate Strategy Economic Policy Economic Trends Emerging Markets Finances Financial News Global Markets Gustav Harvard Business Review Hollein Inflation and Interest Rates international-business Investment Updates Klimt Lauder Leadership & Management MAX Mergers Mergers and Acquisitions Metropolitan Museum of Art Museums Neue Galerie New York City Reuters Business Ronald S Startup Ecosystem Stock Market Tech and Business
    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Savannah Herald
    • Website

    Related Posts

    Business May 15, 2026

    Spies, Sanctions, Cyberattacks: China and the U.S. Clash Behind the Scenes

    Investing May 15, 2026

    Redefining What Efficiency Means in the Age of AI

    Business May 13, 2026

    Here’s How Trump’s Trade War on China Ended Up in a Stalemate

    Investing May 13, 2026

    Mamdani Urges State to Block Western Union’s Deal for Intermex

    Business May 13, 2026

    Atmus Filtration Technologies Names Kevin Carpenter Senior Vice President & Chief Supply Chain Officer

    Business May 13, 2026

    The Leadership Skills That Make Transformation Stick

    Comments are closed.

    Don't Miss
    Fashion August 28, 2025By Savannah Herald03 Mins Read

    2025: Ins and OUTS! Fashion, Beauty and Everything Girly

    August 28, 2025

    Style Spotlight: Looks, Trends & Fashion Inspiration   Grab your iced latte and let’s talk…

    Exactly how it Varies from Hyper-V? Techwrix

    May 8, 2026

    “Ginny & Georgia” Star Antonia Gentry Talks Curls and More

    March 30, 2026

    Haitian Kremas Extra Pound Cake – That Registered Nurse Can Prepare

    December 28, 2025

    Seinfeld Behind-The-Scenes-Facts

    September 3, 2025
    Archives
    • May 2026
    • April 2026
    • March 2026
    • February 2026
    • January 2026
    • December 2025
    • November 2025
    • October 2025
    • September 2025
    • August 2025
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    Categories
    • Art & Literature
    • Beauty
    • Black History
    • Business
    • Climate
    • Education
    • Employment
    • Entertainment
    • Faith
    • Fashion
    • Food
    • Gaming
    • Georgia Politics
    • HBCUs
    • Health
    • Health Inspections
    • Investing
    • Lifestyle
    • Local
    • Lowcountry News
    • National
    • National Opinion
    • News
    • Politics
    • Real Estate
    • Senior Living
    • Sports
    • State
    • Tech
    • Transportation
    • Travel
    • World
    Savannah Herald Newsletter

    Subscribe to Updates

    A round up interesting pic’s, post and articles in the C-Port and around the world.

    About Us
    About Us

    The Savannah Herald is your trusted source for the pulse of Coastal Georgia and the Low County of South Carolina. We're committed to delivering timely news that resonates with the African American community.

    From local politics to business developments, we're here to keep you informed and engaged. Our mission is to amplify the voices and stories that matter, shining a light on our collective experiences and achievements.
    We cover:
    🏛️ Politics
    💼 Business
    🎭 Entertainment
    🏀 Sports
    🩺 Health
    💻 Technology
    Savannah Herald: Savannah's Black Voice 💪🏾

    Our Picks

    The Community Spotlight 2025.06.21 – Giant Bomb

    May 2, 2026

    Atlanta Fed Announces Senior Vice President in the Office of Employee Benefits

    November 25, 2025

    Violence mars HBCU homecoming weekends in Mississippi and South Carolina; 2 women killed

    October 15, 2025

    Missing Person Alert – Savannah Herald

    November 11, 2025

    How to Actually Keep Natural Hair Moisturized

    May 15, 2026
    Categories
    • Art & Literature
    • Beauty
    • Black History
    • Business
    • Climate
    • Education
    • Employment
    • Entertainment
    • Faith
    • Fashion
    • Food
    • Gaming
    • Georgia Politics
    • HBCUs
    • Health
    • Health Inspections
    • Investing
    • Lifestyle
    • Local
    • Lowcountry News
    • National
    • National Opinion
    • News
    • Politics
    • Real Estate
    • Senior Living
    • Sports
    • State
    • Tech
    • Transportation
    • Travel
    • World
    Copyright © 2002-2026 Savannahherald.com All Rights Reserved. A Veteran-Owned Business

    Type above and press Enter to search. Press Esc to cancel.

    Manage Consent
    To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
    Functional Always active
    The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
    Preferences
    The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
    Statistics
    The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
    Marketing
    The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
    • Manage options
    • Manage services
    • Manage {vendor_count} vendors
    • Read more about these purposes
    View preferences
    • {title}
    • {title}
    • {title}
    Ad Blocker Enabled!
    Ad Blocker Enabled!
    Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.

    Sign In or Register

    Welcome Back!

    Login below or Register Now.

    Lost password?

    Register Now!

    Already registered? Login.

    A password will be e-mailed to you.