Editing Guggenheim Museum Bilbao (section)

===Management and 2007 embezzlement incident===
According to a report issued in 2007 by the Basque Court of Auditors, the museum paid more than US$27 million for the acquisition of art between 2002 and 2005, including Serra's ''The Matter of Time'' for the cavernous ground-floor gallery.<ref>Picard, Charmaine. [http://www.theartnewspaper.com/article.asp?id=8639 "Guggenheim Bilbao director admits to €4.2m loss"], ''[[The Art Newspaper]]'', 14 August 2008.</ref> After another audit in 2008 revealed that money was missing from accounts,<ref>{{Cite news |last=Harris |first=Compiled by Rachel Lee |date=2009-11-29 |title=Bilbao Museum Official Sentenced |language=en-US |work=The New York Times |url=https://www.nytimes.com/2009/11/30/arts/design/30arts-BILBAOMUSEUM_BRF.html |access-date=2023-07-22 |issn=0362-4331}}</ref> the foundation said that it filed a case against the director, Roberto Cearsolo Barrenetxea, "for financial and accounting irregularities", asserting that he had admitted diverting money from two companies that manage the Guggenheim Bilbao building and its art collection<ref>Nayeri, Farah. [Guggenheim Bilbao Says Its Finance Director Embezzled US$775,000], ''[[Bloomberg L.P.|Bloomberg]]'', 17 April 2008.</ref> to his own account since 1998.<ref>{{Cite news |last=Gelder |first=Compiled by Lawrence Van |date=2008-04-17 |title=Embezzlement at Guggenheim Bilbao |language=en-US |work=The New York Times |url=https://www.nytimes.com/2008/04/17/arts/17arts-EMBEZZLEMENT_BRF.html |access-date=2023-07-22 |issn=0362-4331}}</ref>