The Guggenheim Museum

The Guggenheim Museum & its Giorgio Armani Exhibition In November of 1999, the Solomon R. Guggenheim Museum in New York announced that it would devote an exhibition to honor the works of the celebrated Italian designer Giorgio Armani. However, during the announcement of the exhibition, the museum did not mention that it was simultaneously entering into a three-year agreement in which Armani pledged a donation of $15 million to Guggenheim. When The New York Times unveiled Armani's gift, the museum strongly denied any connection between the exhibition and the gift, stating that the exhibition was sponsored not by Armani but by In Style, a fashion magazine in which Armani advertises. The relationship between art and money is a debated issue that is not new for non-profit organizations such as the Solomon R. Guggenheim Foundation. For most of the 20th century up until the mid-1960s, individual philanthropists were the main financial supporters of museums. By the mid-1970s, institutions, not individuals, were the main financial supporters of museums. Both corporations and the government were heavily involved. However, as private and corporate money became a strong component of a non-profit organization's yearly funds in the 1990s, ethical issues rose from this trend for museums: Are today's museums "selling out" to the highest bidder on the market? Is the Armani exhibition considered a sell-out? Through an analysis of the Guggenheim Foundation's mission statement, the nature of the Armani exhibition itself, and internal and external factors that influence the decisions made by the Foundation, the Armani exhibition is found to be a sell-out.
The Solomon R. Guggenheim Foundation and its Mission Founded in 1937, the Solomon R. Guggenheim Foundation focuses on artistic modernity and global outreach through the "promotion and encouragement and education in art and the enlightenment of the public." The mission statement of the Solomon R. Guggenheim Foundation