After Fake Basquiats, Orlando Museum Faces ‘Severe Financial Crisis’


Orlando Museum of Art in Financial Crisis After Fake Basquiats The Orlando Museum of Art is facing a severe financial crisis following a major Basquiat exhibition that turned out to feature forgeries. The museum is dealing with high legal fees and a $500,000 debt, half of which is for legal bills. The museum's financial health has deteriorated significantly, and it is projecting a shortfall of about $1 million for the current fiscal year. The museum is seeking financial assistance from its government and charity partners and is also relying on increased contributions from its trustees. The museum is also facing pressing capital needs, including $6.8 million for repairs to its roof and HVAC system. The museum's financial situation has led to growing frustration among donors and staff.



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