The Met and the Neue Galerie are merging
The Metropolitan Museum of Art (The Met) and Neue Galerie New York will merge in 2028, combining the latter’s iconic 20th-century Austrian and German art collection, including Gustav Klimt’s *Portrait of Adele Bloch-Bauer*, under The Met’s management while retaining the building at 1048 Fifth Avenue. The merger, supported by Ronald S. Lauder and his family, will rename the institution *The Met Ronald S. Lauder Neue Galerie* and secure funding through donations, including a $200 million endowment boost led by Marina Kellen French.
The Met and Neue Galerie New York will merge in 2028, creating the largest collection of 20th-century Austrian and German art outside Europe. The Met will acquire Neue Galerie’s holdings—featuring works like Gustav Klimt’s *Portrait of Adele Bloch-Bauer*—and its Beaux-Arts building at 1048 Fifth Avenue, pending approvals. The iconic *Portrait of Adele Bloch-Bauer* will remain in its current location, as stated by founder Ronald S. Lauder, who called it ‘our Mona Lisa.’ The merger will rename the combined institution *The Met Ronald S. Lauder Neue Galerie*, uniting The Met Fifth Avenue and The Met Cloisters. Lauder praised Max Hollein’s leadership, emphasizing the merger’s role in preserving cultural legacy. The Neue Galerie will close for summer restoration starting May 27, reopening in fall with a 25th-anniversary exhibition. Lauder and his daughter, Aerin Lauder Zinterhofer, will donate 13 Austrian and German paintings from their private collection. The museum’s endowment will grow to $200 million, with a lead gift from Met board member Marina Kellen French and other trustees. Zinterhofer described the merger as ensuring the art’s preservation for future generations. The announcement follows years of collaboration between the institutions, solidifying New York’s position as a global hub for modern art.
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