The shop at Craft Contemporary in Los Angeles contributes $130,000 to the bottom line, or about 12 percent of the museum’s $1.1 million revenue stream. Smaller museums have leaned on the benefits of a strong store as well.
The San Francisco Museum of Modern Art, for instance, reaped a net $6.1 million in store sales for the 2018 fiscal year, which was roughly 7 percent of its total revenue, according to tax filings. Home of the Week: Fire Island’s Iconic ‘Pyramid House’ Hits the Market for $6.5 MillionĪ California Mansion Nestled Directly on the Pebble Beach Golf Links Just Hit the Market for $31 MillionĪccording to data from Tudor’s MSA, museums collect 5 to 25 percent of their annual revenue from stores. Yankees Legend Jorge Posada Is Selling His Waterfront Florida Mansion for $20 Million “That really said a lot to everyone.” Statement-making it may be, but MoMA is not the only museum that has grand plans for its shop(s), though rest assured the Keith Haring chess sets and Yayoi Kusama purses are all certifiably MoMA exclusive. “They took a stand when they moved their store down to the main area, where you can see it from the street,” says Susan Tudor, president of the Museum Store Association (MSA). That’s not to neglect the in-museum offering, which, after MoMA completed its redesign last October, totals 5,300 square feet and now has a more public-facing placement. Brands have even used the outposts as a springboard for entry into new markets: Both Muji and Hay celebrated their Stateside debuts at shops in MoMA’s SoHo location. They’ve become important hubs on their own. The others-five more-are as near as across the street and as far-flung as Kyoto. Only one of MoMA’s stores is in the museum itself. MoCA Westport also funded in part by the New England States Touring program of the New England Foundation for the Arts, made possible with funding from the National Endowment for the Arts Regional Touring Program and the six New England state arts agencies.To shop at the Museum of Modern Art in New York doesn’t actually require you to go there. MoCA Westport operates with the support of the Department of Economic and Community Development, Connecticut Office of the Arts, which also receives support from the National Endowment for the Arts, a federal agency. R13 Shaken & Stirred Susan Leone Habitats | Higgins Group Private Brokerage SRI Fine Art Services The Russell Agency Suzanne and Norman Sorensen Cindy and John Vaccaro Vita Design Group Wealthspire Advisors Wells Fargo Bank Westport Lifestyle WMNR Fine Arts Radio WPKN WSHU Public Radio Group. Bailey Foundation CTFN CT Humanities The Dale & Laura Kutnick Foundation Delamar Southport Earth Animal Fairfield After Dark Fairfield County Bank 4th Row Films Fairfield County Bank Kristin Foster Girlfriend Fund Goldman Sachs Hotel Zero Degrees JerMar Designs IBM Michelle&Team at William Raveis Real Estate Daniel Edward Offutt, III Laura and Dogan Perese Provokr Inc. The Bafflin Foundation Bank of America Museums on Us Beechwood Arts and Innovation Bespoke Designs Bespoke Veterinary Services Wendy and Jacques Bouthillier Blazin Canine Company Choice Pet Cohen and Wolf CT Cottages & Gardens Compass The Cornelia T.
MoCA Westport is thankful for the dedication of its generous donors and sponsors, including the Artur and Heida Hermanns Holde Foundation, Inc.
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