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Kiplinger
Kiplinger
Business
Alexandra Svokos

The Met Opera May Sell Its Iconic Paintings. Is it a Good Investment?

The Metropolitan Opera in New York City lit up at night, as seen from Lincoln Center Plaza with a fountain in front of it. .

It's a familiar tale: A once-grand house finds itself in financial straits. Facing destitution, the inhabitants look around to see what they can sell (perhaps a coat?). Typically, though, selling that heirloom means parting with it – and that's where this particular tale gets interesting.

After years of financial trouble, especially in the wake of the COVID-19 pandemic, the Metropolitan Opera in New York City is taking some extreme measures. On top of layoffs, pay cuts for executives and the postponement of a new production, the Met is considering putting some assets up for sale, the New York Times detailed last week. That includes the naming rights to its theater – and the two massive murals by Marc Chagall that frame the building to the public.

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