ART MUSEUMS AND YOUNG DONORS
January 17, 2006 | Read Time: 1 minute
New York’s major art museums are courting a growing number of young art patrons through junior groups and their accompanying galas, The New York Times reports. With the growth of the economy and of the art market, the junior groups have expanded to include not only the children of established donors but also anyone who can afford the annual dues (of about $500 to $1,000) and the entrance fees to the opulent parties (about $200). “University have alumni. Museums don’t,” says Thomas Hoving, a former director of the Metropolitan Museum of Art who helped to start the museum’s first junior club. “They have to keep their eye on the youth, who will become either wealthy collectors or just wealthy.”