"Rubin Museum Announces Closure of New York Location, Shifts to Global Model"
The Rubin Museum of Art in Manhattan, known for its collection of art from Himalayan Asia, will close its doors on October 6 after 20 years of operation due to financial challenges and accusations of displaying looted art. The museum, which will sell its building, plans to transition to a skeleton crew to process long-term loans and research inquiries. The closure comes amid severe cash crunches faced by leading museums since the Covid-19 pandemic, with the Rubin Museum taking the extreme step of relinquishing all its real estate.