the metropolitan museum of the metropolitan museum of art one hundred forty-eighth annual report of

T H E M E T R O P O L I TA N M U S E U M O F A RT

Annual Report for the Year 2017 – 2018

The Metropolitan Museum of Art

One Hundred Forty-Eighth Annual Report of the Trustees for the Fiscal Year July 1, 2017, through June 30, 2018

Presented to the Board of Trustees of The Metropolitan Museum of Art November 13, 2018

Chairman Daniel Brodsky

Vice Chairmen Richard L. Chilton, Jr. Lulu C. Wang

Elective Trustees

Term Ending September 2019 James W. Breyer Richard L. Chilton, Jr. Stephen M. Cutler J. Tomilson Hill Howard Marks Álvaro Saieh Alejandro Santo

Domingo Beatrice Stern Dame Anna Wintour

Term Ending September 2020 Candace K. Beinecke Debra Black Wellington Z. Chen Hamilton E. James Philip F. Maritz Jeffrey M. Peek Sir Paul Ruddock Andrew M. Saul

Term Ending September 2021 Daniel Brodsky Mark Fisch Ann G. Tenenbaum Merryl H. Tisch Dasha Zhukova

Term Ending September 2022 Jeffrey W. Greenberg Bonnie B.

Himmelman Michael ByungJu Kim Andrew Solomon Mathew M. Wambua Lulu C. Wang

Terms Ending September 2023 Charles N. Atkins Samantha Boardman N. Anthony Coles Blair Effron Colvin W. Grannum Caroline Diamond

Harrison Sacha Lainovic Bijan Mossavar-

Rahmani

Ex Officio Trustees

Bill de Blasio Mayor of New York City

Ken Sunshine Mayor’s Representative

Corey Johnson Speaker of the New York City Council

Gregory Zaffiro Speaker’s Representative

Mitchell J. Silver Commissioner of Parks and Recreation

Tom Finkelpearl Commissioner of Cultural Affairs

Scott M. Stringer Comptroller of New York City

Harold Holzer Comptroller’s Representative

Daniel H. Weiss President and Chief Executive Officer, The Metropolitan Museum of Art

Max Hollein Director, The Metropolitan Museum of Art

Trustees Emeriti

Plácido Arango Renée E. Belfer Walter Burke Iris Cantor Russell L. Carson Michel David-Weill Marina Kellen French Conrad K. Harper Sir Joseph Hotung James R. Houghton Philip H. Isles Henry A. Kissinger David H. Koch Barnabas McHenry Joyce Frank Menschel Mary R. Morgan Eliot C. Nolen Robert M. Pennoyer Cynthia Hazen Polsky Annette de la Renta Frank E. Richardson E. John Rosenwald, Jr. James J. Ross Bonnie J. Sacerdote Henry B. Schacht David T. Schiff

Carl Spielvogel Oscar L. Tang Allan Weissglass Shelby White Malcolm H. Wiener Barrie A. Wigmore Jayne Wrightsman

Honorary Trustees

Mrs. Russell B. Aitken Max N. Berry Jean A. Bonna W. L. Lyons Brown Diane W. Burke Betsy Cohen Karen B. Cohen Yannis Costopoulos Aaron I. Fleischman Mary Jaharis Rahmi M. Koç Linda Macklowe John A. Moran William C. Rudin Sheikha Hussa Sabah

al-Salem al-Sabah James E. Shipp David Tobey Marica F. Vilcek Mary J. Wallach Charlotte C. Weber

Committees of the Board of Trustees

nominating and governance

Richard L. Chilton, Jr. Chairman

Candace K. Beinecke Blair Effron J. Tomilson Hill Alejandro Santo

Domingo Lulu C. Wang

Advisory Annette de la Renta Frank E. Richardson

Ex Officio Daniel Brodsky Daniel H. Weiss Max Hollein

executive Daniel Brodsky

Chairman Candace K. Beinecke Richard L. Chilton, Jr. N. Anthony Coles Blair Effron

Mark Fisch Jeffrey W. Greenberg J. Tomilson Hill Hamilton E. James Howard Marks Alejandro Santo

Domingo Andrew M. Saul Lulu C. Wang

Advisory Eliot C. Nolen Cynthia Hazen Polsky Annette de la Renta Frank E. Richardson E. John Rosenwald, Jr. Bonnie J. Sacerdote Henry B. Schacht Oscar L. Tang Shelby White Jayne Wrightsman

Ex Officio Daniel H. Weiss Max Hollein

acquisitions Mark Fisch

Chairman Debra Black Richard L. Chilton, Jr. J. Tomilson Hill Howard Marks Sir Paul Ruddock Álvaro Saieh Alejandro Santo

Domingo Andrew M. Saul Beatrice Stern Ann G. Tenenbaum Lulu C. Wang

Advisory Mrs. Russell B. Aitken Renée E. Belfer Michel David-Weill Marina Kellen French Sir Joseph Hotung Joyce Frank Menschel Cynthia Hazen Polsky Annette de la Renta Frank E. Richardson James J. Ross David T. Schiff Oscar L. Tang David Tobey Charlotte C. Weber Shelby White Jayne Wrightsman

Ex Officio Daniel Brodsky Daniel H. Weiss Max Hollein

By Invitation Ronald S. Lauder

finance Hamilton E. James

Chairman Richard L. Chilton, Jr. N. Anthony Coles Blair Effron Mark Fisch Jeffrey W. Greenberg Philip F. Maritz Howard Marks Bijan Mossavar-

Rahmani Jeffrey M. Peek Andrew M. Saul Merryl H. Tisch Lulu C. Wang

Advisory Philip H. Isles Frank E. Richardson E. John Rosenwald, Jr. Henry B. Schacht Shelby White

Ex Officio Daniel Brodsky Daniel H. Weiss Max Hollein

investment Howard Marks

Chairman Richard L. Chilton, Jr. Mark Fisch J. Tomilson Hill Sacha Lainovic Lulu C. Wang

Advisory Russell L. Carson Frank E. Richardson Oscar L. Tang Barrie A. Wigmore

Ex Officio Daniel Brodsky Daniel H. Weiss Max Hollein

By Invitation Stephen S. Roach

Venture Capital Subcommittee

Howard Marks Chairman

Sacha Lainovic Lulu C. Wang

Advisory Russell L. Carson Frank E. Richardson

legal Candace K. Beinecke

Chairman Stephen M. Cutler Mark Fisch

Advisory Conrad K. Harper Frank E. Richardson Malcolm H. Wiener

Ex Officio Daniel Brodsky

education Samantha Boardman

Chairman Wellington Z. Chen Colvin W. Grannum Bonnie B.

Himmelman Andrew Solomon

Advisory Diane W. Burke Mary Jaharis Joyce Frank Menschel Eliot C. Nolen Bonnie J. Sacerdote Carl Spielvogel Marica F. Vilcek Charlotte C. Weber

Ex Officio Daniel Brodsky Daniel H. Weiss Max Hollein

By Invitation Lucinda Ballard Judith Carson Bianca Gottesman Aerin Lauder Linda Sanger

audit Andrew M. Saul

Chairman Charles N. Atkins Jeffrey W. Greenberg Caroline Diamond

Harrison Bijan Mossavar-

Rahmani

Advisory Philip H. Isles Shelby White

The Board of Trustees As of November 1, 2018

Ex Officio Daniel Brodsky

human resource N. Anthony Coles

Chairman Jeffrey W. Greenberg Michael ByungJu

Kim Jeffrey M. Peek Andrew M. Saul

Advisory Henry B. Schacht

Ex Officio Daniel Brodsky Daniel H. Weiss Max Hollein

merchandising Jeffrey W. Greenberg

Chairman Hamilton E. James Jeffrey M. Peek Sir Paul Ruddock

Advisory Renée E. Belfer Henry B. Schacht Carl Spielvogel Oscar L. Tang Shelby White

Ex Officio Daniel Brodsky Daniel H. Weiss Max Hollein

compensation Daniel Brodsky

Chairman Candace K. Beinecke Richard L. Chilton, Jr. N. Anthony Coles Hamilton E. James

Howard Marks Lulu C. Wang

membership Andrew Solomon

Chairman Wellington Z. Chen Alejandro Santo

Domingo Beatrice Stern Lulu C. Wang

Advisory Renée E. Belfer Joyce Frank Menschel Eliot C. Nolen Cynthia Hazen Polsky Bonnie J. Sacerdote Carl Spielvogel Marica F. Vilcek

Ex Officio Daniel Brodsky Daniel H. Weiss Max Hollein

external affairs Alejandro Santo

Domingo Chairman

Charles N. Atkins Wellington Z. Chen Colvin W. Grannum Jeffrey W. Greenberg Caroline Diamond

Harrison Andrew Solomon Merryl H. Tisch Mathew M. Wambua

Advisory Max N. Berry Joyce Frank Menschel James J. Ross Carl Spielvogel Allan Weissglass

Ex Officio Daniel Brodsky Daniel H. Weiss Max Hollein

By Invitation Robert C. Clauser Harold Holzer Sally Minard Ken Sunshine

buildings Philip F. Maritz

Chairman Mark Fisch Alejandro Santo

Domingo Mathew M. Wambua Lulu C. Wang

Advisory Henry B. Schacht Shelby White

Ex Officio Daniel Brodsky Daniel H. Weiss Max Hollein

By Invitation Peter Lehrer Anthony E. Malkin

technology Jeffrey M. Peek

Chairman Jeffrey W. Greenberg

Vice Chairman Charles N. Atkins James W. Breyer Richard L. Chilton, Jr. Alejandro Santo

Domingo Lulu C. Wang Dasha Zhukova

Advisory Betsy Cohen

Ex Officio Daniel Brodsky Daniel H. Weiss Max Hollein

development Daniel Brodsky

Honorary Chairman Lulu C. Wang

Chairman Samantha Boardman Richard L. Chilton, Jr. N. Anthony Coles Blair Effron Jeffrey M. Peek Alejandro Santo

Domingo Beatrice Stern Merryl H. Tisch

Ex Officio Daniel H. Weiss Max Hollein

150th anniversary (ad hoc) Blair Effron

Chairman Debra Black Samantha Boardman Richard L. Chilton, Jr. Mark Fisch J. Tomilson Hill Philip F. Maritz Sir Paul Ruddock Alejandro Santo

Domingo Beatrice Stern Ann G. Tenenbaum Merryl H. Tisch Lulu C. Wang Dasha Zhukova

Advisory Renée E. Belfer Iris Cantor Marina Kellen French Joyce Frank Menschel Cynthia Hazen Polsky Bonnie J. Sacerdote Oscar L. Tang Shelby White Barrie A. Wigmore

Ex Officio Daniel Brodsky Daniel H. Weiss Max Hollein

By Invitation Ken Sunshine

restaurant (ad hoc) Philip F. Maritz

Chairman Jeffrey W. Greenberg Merryl H. Tisch

Advisory Shelby White

Ex Officio Daniel Brodsky Daniel H. Weiss Max Hollein

Staff Officers

Daniel H. Weiss President and Chief Executive Officer

Max Hollein Director

Andrea Bayer Deputy Director for Collections and Administration

Laurel Britton Vice President for Revenue and Operations

Sharon H. Cott Senior Vice President, Secretary, and General Counsel

Quincy Houghton Deputy Director for Exhibitions

Tom A. Javits Vice President for Construction and Facilities

Clyde B. Jones III Senior Vice President for Institutional Advancemen