MACAU DAILY TIMES 澳門每日時報

Top Menu

  • Our Team
  • Editorial Statute
    • Code of Ethics
    • Privacy Policy
    • Terms and Conditions
  • Archive
    • PDF Editions
  • Contacts
  • Extra Times
    • Drive In
    • Book It
    • tTunes
    • Features
    • World of Bacchus
    • Taste of Edesia

Main Menu

  • Home
  • Macau
    • Photo Shop
    • Advertorial
  • Interview
  • Greater Bay
  • Business
    • Corporate Bits
  • China
  • Asia
  • World
  • Sports
  • Opinion
    • Editorial
    • Our Desk
    • Business Views
    • China Daily
    • Multipolar World
    • The Conversation
    • World Views
  • Our Team
  • Editorial Statute
    • Code of Ethics
    • Privacy Policy
    • Terms and Conditions
  • Archive
    • PDF Editions
  • Contacts
  • Extra Times
    • Drive In
    • Book It
    • tTunes
    • Features
    • World of Bacchus
    • Taste of Edesia
logo
FOUNDER & PUBLISHER Kowie Geldenhuys
EDITOR-IN-CHIEF Paulo Coutinho
Macau,

MACAU DAILY TIMES 澳門每日時報

  • Home
  • Macau
    • Photo Shop
    • Advertorial
  • Interview
  • Greater Bay
  • Business
    • Corporate Bits
  • China
  • Asia
  • World
  • Sports
  • Opinion
    • Editorial
    • Our Desk
    • Business Views
    • China Daily
    • Multipolar World
    • The Conversation
    • World Views
  • GEG Donates MOP700,000 to Tung Sin Tong to Support Its Annual Fundraising Campaign for the 23rd Consecutive Year

  • 300 restaurants sought for elderly healthy-meal program

  • Over 18,700 childcare subsidy cases approved, MOP546 million paid out

  • Private tutoring center bill passed with patriotism requirement for operators

  • Database of 31,000 elderly residents living alone or in two-person households established

  • Lawmakers call for prevention-first approach as fatal accidents surpass 2025 total

Business
Home›Business›Italy | Museums turn toward the private sector for funding

Italy | Museums turn toward the private sector for funding

By -
Wednesday, September 7, 2016
127
0

Italy Modern Day Medicis

Italian taxi drivers and concierges are being enlisted to encourage tourists to visit some museums. In Florence, supermarket customers raised 250,000 euros (USD275,000) by opting to help the city’s art instead of receiving store loyalty rewards. And in Venice, the Peggy Guggenheim Collection is partnering with big-name businesses including ones that make watches, grappa and cologne.
Whatever the formula, museums are increasingly looking to private-sector donations, collaborations or sponsorships to survive and develop. In Italy, where government coffers have long been too meager to adequately safeguard and maintain its vast array of artworks, historic palazzi and ancient ruins, state-run museums and monuments are scrambling to follow the example of private institutions after decades of general distrust between culture and business.
Museum officials and other high-
profile patrons of the arts, ranging from an espresso coffee mogul to a contemporary arts space funded by a tire-maker, flocked to Florence, where centuries ago the Medicis and other princely patrons nurtured Renaissance masters, for an all-day brain-storming session this week.
Lending lofty inspiration to the lively debate held in the Uffizi Galleries was a fresco of Botticelli, who was just one of the many artists who enjoyed the Medicis’ favor.
Participants had tasked themselves with eventually drafting practical proposals for Italy’s culture minister, including the potential for public-private relationships.
Also participating were potentially deep-pocketed benefactors, like an investment group from the United Arab Emirates.
“The prejudice between money, business and culture is still very deep in Italy,” said Michela Bondardo, a culture policy expert who serves on the Contemporary Arts Council of New York’s MoMA. She urged Italy’s state museums to change mentalities and forge long-term alliances with corporate partners.
Under the leadership of Premier Matteo Renzi, who used to be mayor of this Tuscan city steeped in art, Italy’s state diffidence toward associating public-sector culture with the private sphere is easing.
“Private resources, crowdfunding, private donations, donations by companies, sponsorship, patronages, will integrate public funding,” Culture Minister Dario Franceschini told the brainstorming session.
The Uffizi Galleries’ new director is Eike Schmidt, a German who is part of Franceschini’s new breed of museum directors, following decades of Italians-only at the helm of state museums.
In an interview with The Associated Press, Schmidt noted that the national culture budget cuts of the past 15 years have finally been reversed, with this year’s budget up some 27 percent over last year’s, although still skimpy at some 2 billion euros ($2.2 billion).
And a 2014 law allowing 65-percent tax breaks for donations to help Italy’s public museums, monuments and arts venues has triggered a total of nearly 120 million ($135 million) in donations, Franceschini said.
“The state is investing itself in culture again,” said Schmidt, who directs Italy’s biggest drawing art museum.
“But this is not enough for such countries as Italy and Greece,” so rich in art and archaeology. “So private donors’ patronage, especially for restoration, continues to be needed,” Schmidt said.
Italy has been relying heavily on businesses including fashion companies, a mattress manufacturer and a textile tycoon to pay for restoration of prestigious monuments. Shoe-and-luxury-goods-maker Tod’s is footing the bill to clean the Colosseum; Fendi sponsored restoration of Rome’s Trevi Fountain, then held a summer fashion show on transparent walkways crossing over the water. Frances D’Emilio, Florence, AP

Share this:

  • Share on Facebook (Opens in new window) Facebook
  • Share on X (Opens in new window) X
  • Share on LinkedIn (Opens in new window) LinkedIn
  • Share on WhatsApp (Opens in new window) WhatsApp
  • Print (Opens in new window) Print

Like this:

Like Loading…

Related

Previous Article

Singapore won’t ease real estate curbs ‘anytime ...

Next Article

Cooperation with Portuguese-speaking countries promoted in Fujian

Related articles More from author

  • Business

    Monopoly game keeps growing at age 80, with help from ‘Frozen’

    Monday, February 23, 2015
    By -
  • Business

    Electric buses will take over half the world’s fleet by 2025

    Friday, February 2, 2018
    By -
  • Business

    Beijing orders Muji to destroy catalog over ‘problem map’

    Thursday, February 1, 2018
    By -
  • BusinessCorporate Bits

    Galaxy, MSO co-host inclusive table tennis event

    Monday, March 30, 2026
    By -
  • Business

    Hong Kong bourse boss not fan of China’s market intervention

    Friday, January 22, 2016
    By -
  • Business

    World’s most battered market is the worst place to find bargains

    Tuesday, June 7, 2016
    By -

Leave a reply Cancel reply

You must be logged in to post a comment.

  • Macau

    Engel wins bittersweet Macau GT Cup

  • Macau

    Taiwan introduces stricter residency policy for Macau, Hong Kong residents

  • HeadlinesMacau

    Hengqin launches incentives to boost Macau air cargo hub

DAILY EDITION

Thursday, November 12, 2026 – edition no. 5073
Thursday, November 12, 2026 – edition no. 5073

Greater Bay

MDT MACAU GRAND PRIX SPECIAL

November 2026
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
30  
« Oct    

Timeline

  • Thursday, November 12, 2026

    GEG Donates MOP700,000 to Tung Sin Tong to Support Its Annual Fundraising Campaign for the 23rd Consecutive Year

  • Thursday, November 12, 2026

    300 restaurants sought for elderly healthy-meal program

  • Thursday, November 12, 2026

    Over 18,700 childcare subsidy cases approved, MOP546 million paid out

  • Thursday, November 12, 2026

    Private tutoring center bill passed with patriotism requirement for operators

  • Thursday, November 12, 2026

    Database of 31,000 elderly residents living alone or in two-person households established

  • Thursday, November 12, 2026

    Lawmakers call for prevention-first approach as fatal accidents surpass 2025 total

  • Thursday, November 12, 2026

    Singles’ Day shopping festival struggles to shake off weak consumer spending

  • Thursday, November 12, 2026

    IAM puts 22 Iao Hon market stalls up for tender

  • Thursday, November 12, 2026

    Gov’t expands automated immigration clearance to Swiss, Belgian nationals

  • Thursday, November 12, 2026

    Beijing’s top prosecutor meets Macau counterpart to discuss legal cooperation

Extra Times

Extra TimesHeadlines

A fiery milestone: Feng Wei Ju’s 20th anniversary tribute to Starworld Macau

To celebrate the 20th anniversary of the iconic Starworld Macau, a special commemorative dinner was hosted at its crown jewel, Feng Wei Ju. Holding two Michelin stars, this esteemed restaurant ...
  • In ‘I Play Rocky,’ a middleweight crowd-pleaser about the making of a classic

    By MDT/AP
    Friday, November 6, 2026
  • Daddy Yankee’s first concept album is a reggaeton love letter

    By MDT/AP
    Friday, November 6, 2026
  • MGM Macau hosts Bocuse d’Or Gala

    By -
    Friday, November 6, 2026
  • A Symphony of Heritage: Reviving the Imperial Feast at Chai Jia Chai

    By Irene Sam, MDT
    Friday, October 30, 2026
  • Recent

  • Popular

  • GEG Donates MOP700,000 to Tung Sin Tong to Support Its Annual Fundraising Campaign for the ...

    By GEG PR
    Thursday, November 12, 2026
  • 300 restaurants sought for elderly healthy-meal program

    By Nadia Shaw, MDT
    Thursday, November 12, 2026
  • Over 18,700 childcare subsidy cases approved, MOP546 million paid out

    By Yuki Lei, MDT
    Thursday, November 12, 2026
  • Private tutoring center bill passed with patriotism requirement for operators

    By Yuki Lei, MDT
    Thursday, November 12, 2026
  • Database of 31,000 elderly residents living alone or in two-person households established

    By Yuki Lei, MDT
    Thursday, November 12, 2026
  • Lawmakers call for prevention-first approach as fatal accidents surpass 2025 total

    By Yuki Lei, MDT
    Thursday, November 12, 2026
  • Singles’ Day shopping festival struggles to shake off weak consumer spending

    By -
    Thursday, November 12, 2026
  • Canidrome may have its days numbered, decision in ‘one or two months’

    By Paulo Coutinho, MDT
    Thursday, May 26, 2016
  • Animal Welfare | Macau: Anima slams Canidrome management for avoiding debate

    By -
    Wednesday, May 4, 2016
  • Editorial | Canidoomed

    By Paulo Coutinho, MDT
    Wednesday, June 1, 2016
  • Animal Welfare | Canidrome presented with ultimatum: close or move

    By Daniel Beitler, MDT
    Friday, July 22, 2016
  • Australia regulator cracks down on alleged exportation of dogs to Macau

    By Paulo Coutinho, MDT
    Friday, June 10, 2016
  • Animal rights | Canidrome: Anima in fresh airline negotiations as Canidrome closure looks more likely

    By Daniel Beitler, MDT
    Friday, May 27, 2016
  • USE OF ENGLISH IN MACAU | A ‘de facto’ official language

    By Catarina Pinto
    Monday, July 6, 2015
  • Contact our Administrator
  • Contact our Editor-in-Chief
  • Contacts
  • Our Team
  • Privacy Policy
  • Terms and Conditions
  • Editorial Statute
  • Code of Ethics
COPYRIGHT © MACAU DAILY TIMES 2008-2026. ALL RIGHTS RESERVED
MACAU DAILY TIMES
  • Home
  • Macau
    • Photo Shop
    • Advertorial
  • Interview
  • Greater Bay
  • Business
    • Corporate Bits
  • China
  • Asia
  • World
  • Sports
  • Opinion
    • Editorial
    • Our Desk
    • Business Views
    • China Daily
    • Multipolar World
    • The Conversation
    • World Views
  • Our Team
  • Editorial Statute
    • Code of Ethics
    • Privacy Policy
    • Terms and Conditions
  • Archive
    • PDF Editions
  • Contacts
  • Extra Times
    • Drive In
    • Book It
    • tTunes
    • Features
    • World of Bacchus
    • Taste of Edesia
Loading Comments...

You must be logged in to post a comment.

%d