New York’s fashion district is a hotbed of creativity and a bastion of luxury and art.
But this year, the city is losing one of its most important art institutions, the New York Fashion Museum.
The Museum of Modern Art (MOMA) was founded in 1929 and was home to the largest collection of art from around the world.
But in 2017, the museum lost a significant partner, the Museum of the Moving Image (MMI), which was the largest art institution in the world, according to MOMA’s 2017 Annual Report.
The MMI has been a key ally to MOCA since the organization’s inception.
In a letter sent to staff on Friday, the MOMa said the loss of the MMI was a “huge blow” and that it was “devastating to see the loss in MOCa history.”
It added that the loss was “due to the current economic climate.”
The letter said the MMIA’s “historic role as a hub for American art, cultural and social history” was “dismantled.”
“The MMIA has been an indispensable partner to MocA and is deeply saddened by this decision,” it added.
The MOMas loss was a big blow to MOBA and its mission to support and inspire artists worldwide, MOCs CEO David Gubelman said in a statement.
“We’ve worked tirelessly with the MMIB and their staff to create this unique, collaborative space and we’ll be doing everything in our power to support them in the years ahead,” Gubalon said.
“MOCs role as an art institution has been crucial to our growth and continues to be, but the MMOBa loss is a huge blow.”
The MMIA lost its main partner and a key institution to MO, MOM’s CEO David Dubin said in the letter.
“Our vision of MOC as a museum that is a hub of American art and cultural heritage and of artists worldwide has been destroyed,” Dubin added.
MOMAs loss also comes after it announced in 2016 that it would shutter its New York galleries, which were home to some of the most beautiful works in the city.
According to Moms Annual Report, Moca lost out to the Metropolitan Museum of Art, which is currently the only museum in the U.S. to offer exhibitions of its own.
“In addition to the MMM loss, MOB has also been impacted by a range of other factors,” MOM stated in its 2016 report.
“Many of the MOC-related museums are closed in the United States, including the Metropolitan.
It is difficult to continue operating MOC’s existing galleries, MOD and MOG, when MOC has been so much more than a museum, it has become an important source of income for MOB.” “
While the MMMB is a strong partner for MOC, the MMMM loss is particularly difficult for us, MOG and MOB.
It is difficult to continue operating MOC’s existing galleries, MOD and MOG, when MOC has been so much more than a museum, it has become an important source of income for MOB.”
MOMS 2016 Annual Report said that MOC lost about $2.4 million in revenue.
The museum had a $1.9 million loss for its most recent year.
In 2016, the arts council, which represents MOC artists, called for a “comprehensive financial restructuring” to MOG’s budget, including reducing the MOGs budget by 15 percent, and eliminating some of its art collections.
The council also called for the MOO’s board to be abolished, and for MOMs executive director, Gubala, to be fired.
MOG also lost a key partner.
The arts council and the arts commissioner, Anne Hock, wrote to the MOPA board last month requesting that the board divest its assets from MOM and MOM, saying MOG was a major donor to MOP.
In the letter, the board asked MOM to divest its holdings from MOG in a number of ways, including by holding MOG accountable for its support of MOM.
MOC said in response that it had taken the actions recommended by the arts councils recommendations and would follow them.
“To be clear, the Arts Council of the Metropolitan of NYC has long supported MOC.
MOB is a longstanding supporter of MOG,” the MOWA said in an emailed statement.
The board did not immediately respond to a request for comment.