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===Krens era=== [[Thomas Krens]], former director of the [[Williams College Museum of Art]], took over as the director of both the museum and the foundation in January 1988.<ref>{{Cite news |last=McGill |first=Douglas C. |date=January 13, 1988 |title=Guggenheim Names a New Director |work=The New York Times |url=https://www.nytimes.com/1988/01/13/arts/guggenheim-names-a-new-director.html |access-date=October 4, 2022 |issn=0362-4331}}</ref><ref>{{cite news |last=Wallach |first=Amei |date=January 13, 1988 |title=New Director for Guggenheim Museum |page=B9 |work=Newsday |id={{ProQuest|1813318343}}}}</ref> Over his nearly two-decade tenure, he led a rapid expansion of the museum's collections,<ref name="nyt-2008-02-28">{{Cite news |last=Vogel |first=Carol |date=February 28, 2008 |title=Provocative Guggenheim director resigns |work=The New York Times |url=https://www.nytimes.com/2008/02/28/arts/28iht-gugg.1.10523443.html |access-date=October 4, 2022 |issn=0362-4331}}</ref> and the museum mounted some of its most popular exhibitions,<ref name=nyt-2005-04-27>{{Cite news |last=Vogel |first=Carol |date=April 27, 2005 |title=A Museum Visionary Envisions More |work=The New York Times |url=https://www.nytimes.com/2005/04/27/arts/design/a-museum-visionary-envisions-more.html |access-date=October 5, 2022 |issn=0362-4331}}</ref> including "Africa: The Art of a Continent" in 1996;<ref>{{Cite news |last=Cotter |first=Holland |date=June 7, 1996 |title=Art Review; An African Anthology Of Rewarding Objects |work=The New York Times |url=https://www.nytimes.com/1996/06/07/arts/art-review-an-african-anthology-of-rewarding-objects.html |access-date=October 5, 2022 |issn=0362-4331}}</ref> "China: 5,000 Years" in 1998;<ref>{{Cite news |last=Scott |first=Janny |date=April 9, 1998 |title=Need Chinese Art? Call Diplomats; Even Kissinger Aided Guggenheim Negotiations for a Show |work=The New York Times |url=https://www.nytimes.com/1998/04/09/arts/need-chinese-art-call-diplomats-even-kissinger-aided-guggenheim-negotiations-for.html |access-date=October 5, 2022 |issn=0362-4331}}</ref> "Brazil: Body & Soul" in 2001;<ref>{{Cite news |date=September 16, 2001 |title=Travel Advisory; Brazilian Treasures On Loan in New York |work=The New York Times |url=https://www.nytimes.com/2001/09/16/travel/travel-advisory-brazilian-treasures-on-loan-in-new-york.html |access-date=October 5, 2022 |issn=0362-4331}}</ref> and "The Aztec Empire" in 2004.<ref>{{Cite news |last=Cotter |first=Holland |date=October 15, 2004 |title=A Lost Culture, Drenched in Blood and Beauty |work=The New York Times |url=https://www.nytimes.com/2004/10/15/arts/design/a-lost-culture-drenched-in-blood-and-beauty.html |access-date=October 5, 2022 |issn=0362-4331}}</ref> Unusual exhibitions included "[[The Art of the Motorcycle]]", an [[industrial design]] installation of motorcycles.<ref name=Sudjic/><ref>{{Cite magazine |last=Plagens |first=Peter |title=Rumble on the Ramps. ('The Art of the Motorcycle', Solomon R. Guggenheim Museum, New York) |date=September 7, 1998 |magazine=Newsweek |volume=132 |issue=10 |page=80 |id={{ProQuest|214306480}}}}</ref> {{Anchor|Guggenheim Museum SoHo}}The Guggenheim Museum SoHo, designed by [[Arata Isozaki]], opened in June 1992 at the corner of [[Broadway (Manhattan)|Broadway]] and Prince Street in [[SoHo, Manhattan]].<ref name="Smith 1992 g499">{{cite web |last=Smith |first=Roberta |title=Review/Art; Guggenheim Reopens on a New Chapter |work=The New York Times |issn=0362-4331 |date=June 29, 1992 |url=https://www.nytimes.com/1992/06/29/arts/review-art-guggenheim-reopens-on-a-new-chapter.html |access-date=April 18, 2024}}</ref><ref name="Wallach 1992 f827">{{cite web |last=Wallach |first=Amei |title=A Museum Makeover: New Guggenheim: Big Time, Big Business and Blue Chip |work=Los Angeles Times |issn=0458-3035 |date=June 16, 1992 |url=https://www.latimes.com/archives/la-xpm-1992-06-16-ca-4434-story.html |access-date=April 18, 2024}}</ref> The SoHo building's exhibits included ''Marc Chagall and the Jewish Theater'', ''Paul Klee at the Guggenheim Museum'', ''Robert Rauschenberg: A Retrospective'' and ''Andy Warhol: The Last Supper''.<ref name=nyt-1999-02-05/> It did not meet visitor forecasts<ref name=nyt-1999-02-05>{{cite news |last=Vogel |first=Carol |date=February 5, 1999 |title=Inside Art; Guggenheim Shrinks in SoHo |url=https://www.nytimes.com/1999/02/05/arts/inside-art-guggenheim-shrinks-in-soho.html |access-date=July 31, 2013 |newspaper=The New York Times |issn=0362-4331}}</ref> and closed in 2002.<ref name="nyt-2002-06-30"/> ==== 1990s ==== [[Image:guggenheim flw show.jpg|thumb|right|325px|An interior view of the museum on a busy day]] Shortly after becoming director, Krens decided to spend $24 million renovating the Guggenheim.<ref name="nyt-1991-08-12">{{Cite news |last=Glueck |first=Grace |date=August 12, 1991 |title=In Guggenheim Restoration, Wright Laughs Last |work=The New York Times |url=https://www.nytimes.com/1991/08/12/arts/in-guggenheim-restoration-wright-laughs-last.html |access-date=October 4, 2022 |issn=0362-4331}}</ref> Work commenced in late 1989. The museum initially remained open,<ref>{{Cite news |last=Shepard |first=Joan |date=October 9, 1988 |title=Guggenheim Museum will keep its doors open during restoration work |pages=534 |work=New York Daily News |via=newspapers.com |url=https://www.newspapers.com/clip/110707823/guggenheim-museum-will-keep-its-doors/ |access-date=October 4, 2022}}</ref> but later closed for 18 months.<ref>{{Cite news |last=Wallach |first=Amei |date=April 11, 1990 |title='Obsession' at the Guggenheim |pages=176, [https://www.newspapers.com/clip/110722938/ 184] |work=Newsday |via=newspapers.com |url=https://www.newspapers.com/clip/110722906/obsession-at-the-guggenheimamei/ |access-date=October 4, 2022}}</ref><ref>{{Cite news |date=April 27, 1990 |title=Guggenheim Museum Closing for 18 Months |work=The New York Times |url=https://www.nytimes.com/1990/04/27/arts/guggenheim-museum-closing-for-18-months.html |access-date=October 5, 2022 |issn=0362-4331}}</ref> The monitor wing was restored, the 88th Street wing was converted from a conservation laboratory to a restaurant, and additional exhibition space was created at the top of the main gallery.<ref name="nyt-1991-08-12" /> The 89th Street annex was built as part of this project,<ref name="Wallach 1992 f827"/><ref name="nyt-1990-11-28" /> and the basement was extended under Fifth Avenue.<ref name="nyt-1991-08-122">{{Cite news |last=Glueck |first=Grace |date=August 12, 1991 |title=In Guggenheim Restoration, Wright Laughs Last |work=The New York Times |url=https://www.nytimes.com/1991/08/12/arts/in-guggenheim-restoration-wright-laughs-last.html |access-date=October 5, 2022 |issn=0362-4331}}</ref> The windows were replaced and the clerestory windows along the ramp were unsealed and restored to their original design.<ref name="nyt-1991-08-122" /><ref name=Sennott572>{{harvnb|Sennott|2004|ps=.|pp=572β73}}</ref> The building's exhibition space roughly doubled, allowing the museum to show 6 percent of its collection.<ref name="Kimball 1992">{{cite news |last=Kimball |first=Roger |date=July 2, 1992 |title=Leisure & Arts: Rehabbed Guggenheim Museum's Coming-out Party |page=A5 |work=The Wall Street Journal |issn=0099-9660 |id={{ProQuest|135563875}}}}</ref> The renovation was completed on June 27, 1992.<ref name="nyt-1992-06-28">{{Cite news |date=June 28, 1992 |title=Evening Hours; Guggenheim In a New Light |work=The New York Times |url=https://www.nytimes.com/1992/06/28/style/evening-hours-guggenheim-in-a-new-light.html |access-date=October 4, 2022 |issn=0362-4331}}</ref><ref name="McGuigan 1992">{{cite magazine |last=McGuigan |first=Cathleen |date=June 29, 1992 |title=Do the Wright Thing: The Guggenheim Museum reopens, splendidly restored and with a controversial new addition |magazine=Newsweek |volume=119 |issue=26 |pages=58β59, 62 |id={{ProQuest|1879161785}}}}</ref> The museum's offices were moved to the annex, the basement and the former Guggenheim Museum SoHo, and storage space and [[Conservation and restoration of paintings|conservation]] activities were moved to other buildings.<ref name="nyt-1991-08-122" /> The new annex allowed the museum to show more works from its permanent collection, as well as temporary exhibitions.<ref>{{cite news |last=Jermanok |first=Stephen |date=April 17, 1994 |title=New York: Everything Old Is New Again; New York's Master Museums Redesign Themselves |page=E06 |newspaper=[[The Washington Post]] |issn=0190-8286 |id={{ProQuest|307730105}}}}</ref> The foundation acquired 200 photographs from [[Robert Mapplethorpe]] in 1992<ref name="nyt-1992-12-04">{{Cite news |last=Hagen |first=Charles |date=December 4, 1992 |title=$5 Million to Foundation by Mapplethorpe Group |work=The New York Times |url=https://www.nytimes.com/1992/12/04/arts/article-113792-no-title.html |access-date=October 6, 2022 |issn=0362-4331}}</ref><ref name="Wallach 1992">{{Cite news |last=Wallach |first=Amei |date=December 4, 1992 |title=$5-Million Mapplethorpe Gift |pages=201 |work=Newsday |via=newspapers.com |url=https://www.newspapers.com/clip/110808225/5-million-mapplethorpe-giftamei/ |access-date=October 6, 2022}}</ref> and renamed the annex's fourth-floor gallery after him in 1993.<ref name="nyt-1993-12-26">{{Cite news |last=Hagen |first=Charles |date=December 26, 1993 |title=The Year in the Arts: Art & Photography/1993; An Era Ended, a Ghost Haunted the Guggenheim |work=The New York Times |url=https://www.nytimes.com/1993/12/26/arts/year-arts-art-photography-1993-era-ended-ghost-haunted-guggenheim.html |access-date=October 6, 2022 |issn=0362-4331}}</ref> To finance the renovation and new acquisitions, the foundation sold works by Kandinsky, [[Marc Chagall|Chagall]] and [[Amedeo Modigliani|Modigliani]], raising $47 million. This move was controversial, drawing considerable criticism for trading masters for "trendy" latecomers. In ''The New York Times'', critic [[Michael Kimmelman]] wrote that the sales "stretched the accepted rules of [[Deaccessioning#Deaccessioning|deaccessioning]] further than many American institutions have been willing to do."<ref name=Sennott572/><ref name=Kimmelman1998>{{Cite news |last=Kimmelman |first=Michael |date=April 1, 1990 |title=Art View; The High Cost of Selling Art |work=The New York Times |url=https://www.nytimes.com/1990/04/01/arts/art-view-the-high-cost-of-selling-art.html |access-date=October 4, 2022 |issn=0362-4331}}</ref> Krens defended the action as consistent with the museum's principles by expanding its international collection and building its "postwar collection to the strength of our pre-war holdings",<ref name=Glueck>{{Cite news |last=Glueck |first=Grace |date=March 5, 1990 |title=Guggenheim May Sell Artworks To Pay for a Major New Collection |work=The New York Times |url=https://www.nytimes.com/1990/03/05/arts/guggenheim-may-sell-artworks-to-pay-for-a-major-new-collection.html |access-date=October 4, 2022 |issn=0362-4331}}</ref> and noted that museums regularly conduct such sales.<ref name=Kimmelman1998/> He also expanded the foundation's international presence by opening museums abroad.<ref>Russell, James S. [https://www.bloomberg.com/apps/news?pid=newsarchive&sid=a3nVuX5IVJCE "Guggenheim's Krens Eyes Hudson Yards Museum, Seeks New Bilbaos"], Bloomberg, March 11, 2008. Retrieved March 13, 2012.</ref> Krens was also criticized for his businesslike style and perceived populism and commercialization.<ref name="Sudjic">{{cite news |last=Sudjic |first=Deyan |title=Is this the end of the Guggenheim dream? |work=The Guardian |date=January 23, 2005 |url=http://www.theguardian.com/artanddesign/2005/jan/23/art.museums |access-date=October 5, 2022}}</ref><ref>{{Cite news |date=November 27, 1998 |title=For Museums, Bigger Is Better |work=The Wall Street Journal |url=https://www.wsj.com/articles/SB911879208127582000 |access-date=October 5, 2022 |issn=0099-9660}}</ref> One writer commented, "Krens has been both praised and vilified for turning what was once a small New York institution into a worldwide brand, creating the first truly multinational arts institution. ... Krens transformed the Guggenheim into one of the best-known brand names in the arts."<ref>{{cite magazine |last=Mahoney |first=Sarah |date=October 2, 2006 |title=Thomas Krens |periodical=Advertising Age |volume=77 |issue=40 |page=I-8}}</ref> The museum cut back its operating hours in 1994, causing a 25 percent decline in annual attendance, even as the city's other art museums saw increased attendance.<ref name="Plagens 1996">{{cite magazine |last=Plagens |first=Peter |date=May 20, 1996 |title=In a Spiral: The Guggenheim Museum's controversial director keeps wheeling and dealing. But what's art got to do with it? |magazine=Newsweek |volume=127 |issue=21 |pages=68β70 |id={{ProQuest|1866753762}}}}</ref> [[Samuel J. LeFrak]] announced in December 1993 that he would donate $10 million, the largest cash donation in the museum's history, with the Fifth Avenue building to be renamed for him and his wife.<ref name="nyt-1993-12-14">{{Cite news |last=Vogel |first=Carol |date=December 14, 1993 |title=Guggenheim Honors the LeFraks |work=The New York Times |url=https://www.nytimes.com/1993/12/14/arts/guggenheim-honors-the-lefraks.html |access-date=October 5, 2022 |issn=0362-4331}}</ref><ref>{{Cite news |last=Disch |first=Thomas M. |date=December 21, 1993 |title=What's in a Name... |pages=257 |work=Daily News |via=newspapers.com |url=https://www.newspapers.com/clip/110752500/whats-in-a-namethomas-m-disch/ |access-date=October 5, 2022}}</ref> The next month, [[Ronald O. Perelman]] announced that he would also donate $10 million.<ref name="nyt-1994-01-20">{{Cite news |last=Vogel |first=Carol |date=January 20, 1994 |title=Revlon's Chairman Donates $10 Million to the Guggenheim |work=The New York Times |url=https://www.nytimes.com/1994/01/20/arts/revlon-s-chairman-donates-10-million-to-the-guggenheim.html |access-date=October 5, 2022 |issn=0362-4331}}</ref><ref>{{Cite news |last=Snow |first=Shauna |date=January 21, 1994 |title=A $10-Million Present |pages=202 |work=Los Angeles Times |issn=0458-3035 |via=newspapers.com |url=https://www.newspapers.com/clip/110753020/a-10-million-presentshauna-snow/ |access-date=October 5, 2022}}</ref> The [[New York City Landmarks Preservation Commission]] (LPC), which had designated the building as a landmark, repeatedly refused to allow officials to place a sign with LeFrak's name outside the building.<ref name="nyt-1994-12-17">{{Cite news |last=Vogel |first=Carol |date=December 17, 1994 |title=Clash Over Name Puts Museum Gift in Doubt |work=The New York Times |url=https://www.nytimes.com/1994/12/17/arts/clash-over-name-puts-museum-gift-in-doubt.html |access-date=October 5, 2022 |issn=0362-4331}}</ref> Consequently, LeFrak rescinded $8 million of his donation.<ref name="nyt-1994-12-17" /><ref name="Plagens 1996"/> [[Peter B. Lewis]] donated $10 million in 1995<ref>{{cite news |last=Vogel |first=Carol |date=October 20, 1995 |title=Trustees come through for the Guggenheim |page=C30 |work=The New York Times |issn=0362-4331 |id={{ProQuest|109472948}}}}</ref> for the restoration of the museum's auditorium, which was renamed the Peter B. Lewis Theater after the project was completed the next year.<ref name="Plagens 1996"/><ref name="nyt-1998-04-15">{{Cite news |last=Vogel |first=Carol |date=April 15, 1998 |title=Guggenheim Announces Record Gift, $50 Million |work=The New York Times |url=https://www.nytimes.com/1998/04/15/arts/guggenheim-announces-record-gift-50-million.html |access-date=October 5, 2022 |issn=0362-4331}}</ref> Lewis donated an additional $50 million in 1998, and several other trustees, including Perelman, increased their donations.<ref name="nyt-1998-04-15" /> ==== 2000s ==== [[File:Sackler Center for Arts Education entrance view from 5th ave 88th street ramp March 2012.jpg|thumb|left|Students sketching at the entrance to the Engelberg Center]] The museum opened an arts center in the basement in 2001; originally named for the [[Sackler family]],<ref name=Tu2002>{{cite news |last1=Tu |first1=Jeni |date=February 1, 2002 |title=Higher education meets high art |work=Dance Teacher |url=http://www.highbeam.com/doc/1P3-105841407.html |url-status=dead |url-access=subscription |access-date=August 25, 2014 |archive-url=https://web.archive.org/web/20140921200330/http://www.highbeam.com/doc/1P3-105841407.html |archive-date=September 21, 2014}}</ref> it was renamed the Gail May Engelberg Center for Arts Education in 2022.<ref name=Block2022/><ref name=Donnelly2022/> Also in 2001, as part of a [[Frank Gehry]] retrospective at the museum, Gehry designed a canopy, which was installed outside the fifth floor.<ref name=AR2002June>{{cite magazine |date=June 2002 |title=Guggenheim wants Gehry canopy to be permanent addition |url=https://usmodernist.org/AR/AR-2002-06.pdf |magazine=Architectural Record |volume=190 |pages=34}}</ref><ref name="nyt-2001-05-18">{{Cite news |last=Muschamp |first=Herbert |date=May 18, 2001 |title=Architecture Review; Gehry's Vision of Renovating Democracy |work=The New York Times |url=https://www.nytimes.com/2001/05/18/arts/architecture-review-gehry-s-vision-of-renovating-democracy.html |access-date=October 6, 2022 |issn=0362-4331}}</ref> It remained in place for six years after the retrospective ended.<ref name=AR2002June/><ref name="nyt-2004-06-10" /> By 2004, museum officials were raising $25 million for another restoration of the building and hired [[Swanke Hayden Connell Architects]] to survey it. By then, the structure had developed numerous leaks.<ref name="nyt-2004-06-10">{{Cite news |last=Vogel |first=Carol |date=June 10, 2004 |title=Guggenheim Museum Seeks to Restore Its Most Valuable Asset: Itself |work=The New York Times |url=https://www.nytimes.com/2004/06/10/arts/guggenheim-museum-seeks-to-restore-its-most-valuable-asset-itself.html |access-date=October 5, 2022 |issn=0362-4331}}</ref> After architects and engineers determined that the building was structurally sound, renovations began in September 2005 to repair cracks and modernize systems and exterior details.<ref name=Haeyoun>{{cite web |last=Park |first=Haeyoun |title=Face-Lift for an Aging Museum |work=The New York Times Web Archive |issn=0362-4331 |date=April 16, 2007 |url=https://archive.nytimes.com/www.nytimes.com/imagepages/2007/04/16/arts/17guggenheim-graphic.html |access-date=June 22, 2023}}</ref><ref>Guggenheim Museum web site: [http://www.guggenheim.org/index.php?option=com_content&view=article&id=3489&Itemid=1476 click link to podcast about restoration (10 MB, audio only, 8 min 45 sec)]</ref><ref>{{Cite news |last=Pogrebin |first=Robin |author-link=Robin Pogrebin |date=September 10, 2007 |title=The Restorers' Art of the Invisible |work=The New York Times |url=https://www.nytimes.com/2007/09/10/arts/design/10gugg.html |access-date=October 5, 2022 |issn=0362-4331}}</ref> The restoration mainly consisted of exterior and infrastructure upgrades, preserving as many historical details as possible while allowing museum operations to continue.<ref>Guggenheim Museum web site: [http://www.guggenheim.org/restoration.html click link to podcast about restoration (10 MB, audio only, 8 min 45 sec)] {{webarchive|url=https://web.archive.org/web/20070928011550/http://www.guggenheim.org/restoration.html |date=September 28, 2007 }}</ref><ref name=AR2006Feb>{{cite magazine |last=Ulam |first=Alex |date=February 2006 |title=Guggenheim spruces up restoration with custom bridge |url=https://usmodernist.org/AR/AR-2006-02.pdf |magazine=Architectural Record |volume=194 |pages=34}}</ref> On September 22, 2008, the Guggenheim celebrated the project's completion with the premiere of artist [[Jenny Holzer]]'s tribute ''For the Guggenheim''.<ref name="nyt-2008-09-23">{{Cite news |last=Vogel |first=Carol |date=September 23, 2008 |title=Guggenheim Chooses a Curator, Not a Showman |work=The New York Times |url=https://www.nytimes.com/2008/09/24/arts/design/24muse.html |access-date=October 5, 2022 |issn=0362-4331}}</ref> The renovation cost $29 million and was funded by the Solomon R. Guggenheim Foundation's board of trustees, the city's [[New York City Department of Cultural Affairs|Department of Cultural Affairs]], the New York state government and MAPEI Corporation.<ref>{{cite web |title=The Guggenheim Museums and Foundation |website=The Guggenheim Museums and Foundation |date=August 22, 2008 |url=https://www.guggenheim.org/news/guggenheim-restoration-complete |access-date=October 5, 2022}}</ref> Meanwhile, during the early 2000s, Krens was involved in a long-running dispute with Lewis, who was also chairman of the foundation's board of directors.<ref name="nyt-2005-01-21">{{Cite news |last=Pogrebin |first=Robin |date=January 21, 2005 |title=Loyalty Prevails Over Money in Guggenheim Showdown |work=The New York Times |url=https://www.nytimes.com/2005/01/21/arts/design/loyalty-prevails-over-money-in-guggenheim-showdown.html |access-date=October 5, 2022 |issn=0362-4331}}</ref> When admission declined by 60 percent following the [[September 11 attacks]] in 2001, the museum faced budgetary deficits, as one-quarter of its revenue came from ticket sales.<ref name="nyt-2001-11-20">{{Cite news |last=Bohlen |first=Celestine |date=November 20, 2001 |title=The Guggenheim's Scaled-Back Ambition; A Museum Director's Risk-Taking Approach Gets a New Look in Hard Times |work=The New York Times |url=https://www.nytimes.com/2001/11/20/arts/guggenheim-s-scaled-back-ambition-museum-director-s-risk-taking-approach-gets.html |access-date=October 5, 2022 |issn=0362-4331}}</ref> Lewis donated $12 million to the museum in 2002 under the condition that Krens tighten the budget.<ref name="nyt-2002-12-06">{{Cite news |last=Kimmelman |first=Michael |date=December 6, 2002 |title=Critic's Notebook; An Era Ends for the Guggenheim |work=The New York Times |url=https://www.nytimes.com/2002/12/06/arts/critic-s-notebook-an-era-ends-for-the-guggenheim.html |access-date=October 5, 2022 |issn=0362-4331}}</ref><ref>{{Cite news |date=December 5, 2002 |title=Guggenheim gets gift β with string attached |pages=5A |work=Poughkeepsie Journal |via=newspapers.com |url=https://www.newspapers.com/clip/110755399/guggenheim-gets-gift-with-string/ |access-date=October 5, 2022}}</ref> Despite having given $77 million, more than any other donor in the Guggenheim's history,<ref name="nyt-2005-01-21" /><ref name="The Journal News 2005">{{Cite news |date=January 21, 2005 |title=Guggenheim chairman resigns |pages=10 |work=The Journal News |via=newspapers.com |url=https://www.newspapers.com/clip/110755319/guggenheim-chairman-resigns/ |access-date=October 5, 2022}}</ref> Lewis did not have as much influence over the board's decisions as did top donors at the city's other art museums.<ref name="nyt-2005-01-21" /> Lewis resigned from the board of directors in 2005, expressing opposition to Krens's plans for additional museums around the world.<ref name="The Journal News 2005" /><ref>{{Cite news |last=Vogel |first=Carol |date=January 20, 2005 |title=Guggenheim Loses Top Donor in Rift on Spending and Vision |work=The New York Times |url=https://www.nytimes.com/2005/01/20/arts/design/guggenheim-loses-top-donor-in-rift-on-spending-and-vision.html |access-date=October 5, 2022 |issn=0362-4331}}</ref> Longtime curator [[Lisa Dennison]] was hired as the museum's new director in 2005, working under Krens, who continued to direct the foundation.<ref name="nyt-2005-09-21">{{Cite news |last=Vogel |first=Carol |date=September 21, 2005 |title=Museum Names New York Director |work=The New York Times |url=https://www.nytimes.com/2005/09/21/arts/design/museum-names-new-york-director.html |access-date=October 5, 2022 |issn=0362-4331}}</ref><ref>{{Cite news |last1=Lieberman |first1=Paul |last2=Haithman |first2=Diane |date=September 22, 2005 |title=New York's Guggenheim Picks New Director |pages=38 |work=Los Angeles Times |issn=0458-3035 |via=newspapers.com |url=https://www.newspapers.com/clip/110755771/new-yorks-guggenheim-picks-new/ |access-date=October 5, 2022}}</ref> By 2006, the museum faces a $35 million deficit, even as Dennison rejected the idea of funding exhibits through corporate sponsorships.<ref name="Wilson 2006">{{cite magazine |last=Wilson |first=Claire |date=October 23, 2006 |title=Elevating the Guggenheim |magazine=Crain's New York Business |volume=22 |issue=43 |page=1 |id={{ProQuest|219156351}}}}</ref> Dennison resigned in July 2007 to work at auction house [[Sotheby's]].<ref>{{Cite news |last=Vogel |first=Carol |date=July 31, 2007 |title=Director of Guggenheim Resigns to Join Sotheby's |work=The New York Times |url=https://www.nytimes.com/2007/07/31/arts/design/31gugg.html |access-date=October 5, 2022 |issn=0362-4331}}</ref> Tensions between Krens and the board continued, and Krens stepped down as foundation director in February 2008.<ref name="nyt-2008-02-28" />
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