Asian Art Museum's Sudden Struggle to Avoid Bankruptcy

While just a few days ago we were saying that the possible comeback of the Minnesota Museum of American Art, which was one of the first large cultural organizations to close in the wake of the financial crisis, might be some sort of sign that the worst was over for museums and the rebuilding would commence shortly. Fortunately, we try never to speak in absolutes, as just this week another in a long series of museums has hit a particularly dire rough patch.