Financial Times

18 Jun 2025

Are London’s museums getting too close to the art market?

Article
by Cristina Ruiz

The subsequent decline in public subsidy for museums ramped up pressure on institutions to increase earned income and find private money, leading to increased reliance on commercial galleries and other sponsors. The Department for Culture, Media and Sport’s core funding for cultural organisations decreased by 18 per cent per person in real terms between 2009 and 2023, according to a 2024 report by the University of Warwick and Campaign for the Arts.