“Like Prada handbags and Hermès scarves, a spot on one of New York City’s most prestigious cultural boards never goes on sale, even in a recession. Looking to join the power set at the Metropolitan Museum of Art? Be ready with a check for as much as $10 million. The price of admission can reach that high at the Museum of Modern Art, and remains roughly $5 million at the New York Public Library, according to people involved in the process. “For those who can, we have an expectation and we try to be very clear about that expectation,” said Reynold Levy, the president of Lincoln Center, whose board members are generally asked to contribute $250,000 upfront and on an annual basis.” – from NYTimes
Alex has written for Vanity Fair, Barrons, Bloomberg and Condé Nast Traveler.