2. Give a brief overview? A brief overview is in 1988, four tasks demanded Thomas Kren's immediate attention. (Oster287) The first of the ambitious and controversial is the expansion program that began in 1982 by his predecessor would not be completed until the summer of1991. (Oster287) These Financial Resources of the museum were a portion of the museum’s permanent collection. (Oster287) The Post-World War the Second was the portion of the museum’s permanent collection comparatively weak, and this museum was hampered by the public’s perception of it as the Guggenheim Family’s …show more content…
(Oster287) The U.S. government invested heavily in educating the citizens through the G.I. bill. (Oster287) The demand for Culture and Cultural institutions were founded to satisfy that demand. (Oster 287) The government had begun to subsidize culture, through the National Endowment for the Arts (NEA). (Oster287) The baby boom grew up more educated than their parents and they even became very heavy in the consumers of culture, devoting more of disposable income to the museums. (Oster287) The industry took a total of $4,395 billion in 1988 operating within the revenue and supported against a total of $4,017 billion in operating expenses. (Oster 287) The Art Museum accounted for about 25% of both totals, at $1,184 billion in revenue and support and $1.113 billion in expenses, even though they will total about 15% of all museums. (Oster296) The expense side …show more content…
Why is the best solution? This is the best solution because of the resources had not yet been acquired to even pay for it. (Oster309). The endowment would cost a total of $24 million, which this was the same amount as in the year of 1959. (Oster309) This construction is going to make it difficult to maintain, alone increase and make the attendance levels. (Oster309) Krens also believed that Guggenheim had four assets that were working in its favor. (Oster309)(Oster309) It had its weakness the permanent collection that would be built around the world’s largest collection of Kandinsky, and it was still outstanding. (Oster 309) The Frank Lloyd Wright building which was called the home of the museum by Krens, which happen to be the greatest piece of sculpture in New York City. (Oster309) A lot of the visitors were already attracted to the museum solely to experience the architecture. (Oster309) The museum is located on Fifth Avenue between 88th and 89th Street on the Manhattan’s side of the museums, the Guggenheim was truly an international institution, with its Peggy Guggenheim collection housed in the Palazzo Venier Dei Leoni on the Grand Canal in Venice, Italy. (Oster 309) Krens stated that he should be able to make Vasily Kandinsky, Frank Lloyd Wright, Fifth Avenue, and the Grand Canal work.