Met puts more of its assets in hock

Met puts more of its assets in hock


norman lebrecht

March 03, 2015

The Metropolitan Opera, which has already pledged its Chagall paintings to the bankers that control its debt, has added a pair of Maillol sculptures to the pawnbrokers’ pile. The Met showed a $21.9 million deficit in the last fiscal year. Bloomberg has the numbers here.

metropolitan-opera exterior




  • JAMA11 says:

    Since when is pledging something as collateral akin to hocking it at a pawn shop? Have I been mistaken about our financial system all this time?

    Obviously I am not pretending the Met is in a great financial situation. But please report stories accurately!