A modern museum is a generator — of gentrification, ideology, and education. It can be both a place of provocation and a place of attraction and urban investment. The Andy Warhol Museum was opened in 1994 in Pittsburgh and immediately became the center of the cultural and economic life of the whole city, organizing the space around it. An even more ambitious example is the investment museum project on the island of Naoshima (Japan). The complex of contemporary art on the island has become almost a the main industry, a mecca for tourists, and a significant part of the life of all local residents. Eric Shiner, senior vice president of the fine art division at the auction house Sotheby’s and former director of the Warhol Museum in Pittsburgh, will provide this and other successful examples of the development of museum spaces affecting the economy of cities.
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