Close Menu
  • News
  • Stocks
  • Bonds
  • Commodities
  • Collectables
    • Art
    • Classic Cars
    • Whiskey
    • Wine
  • Trading
  • Alternative Investment
  • Markets
  • More
    • Economy
    • Money
    • Business
    • Personal Finance
    • Investing
    • Financial Planning
    • ETFs
    • Equities
    • Funds

Subscribe to Updates

Get the latest markets and assets news and updates directly to your inbox.

Trending Now

11-Year Restitution Dispute Over Prized Modigliani Ends With Loss for Nahmad Family

April 4, 2026

Gisela Colón on Puerto Rico, Bad Bunny, and the Power Beneath the Island

April 4, 2026

Why Filmmaker Ming Wong Is the Ultimate Shape-Shifter

April 4, 2026
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
The Asset ObserverThe Asset Observer
Newsletter
LIVE MARKET DATA
  • News
  • Stocks
  • Bonds
  • Commodities
  • Collectables
    • Art
    • Classic Cars
    • Whiskey
    • Wine
  • Trading
  • Alternative Investment
  • Markets
  • More
    • Economy
    • Money
    • Business
    • Personal Finance
    • Investing
    • Financial Planning
    • ETFs
    • Equities
    • Funds
The Asset ObserverThe Asset Observer
Home»Art Market
Art Market

High Museum COO Resigns After Alleged $600,000 Misappropriation, Case Referred to Federal Prosecutors

News RoomBy News RoomFebruary 25, 2026
Share
Facebook Twitter LinkedIn Pinterest Email

The chief operating officer of Atlanta’s High Museum of Art has resigned after an internal investigation found that approximately $600,000 was allegedly misappropriated over several years and the matter was referred to federal prosecutors, according to the Atlanta Journal-Constitution.

Brady Lum, who had served as COO since 2019, tendered his resignation on Dec. 9 amid the probe. On Tuesday, the board of the Woodruff Arts Center, which oversees the High, voted to refer the matter to the U.S. Attorney’s Office for the Northern District of Georgia for possible criminal prosecution, the newspaper reported.

Woodruff Arts Center President and CEO Hala Moddelmog told the AJC that Lum allegedly misappropriated the funds over a period of three to four years. The organization believes he acted alone, she said.

The Woodruff board approved Atlanta law firm King & Spalding to refer the case to federal authorities. The organization also retained the firm and an independent forensic accountant to conduct a review after financial irregularities were discovered in early December, according to the AJC.

Moddelmog said the alleged misconduct will not affect operations at either the High Museum or the Woodruff Arts Center and that both institutions remain financially stable. She added that the organization intends to pursue restitution.

The High Museum, located on Peachtree Street in Midtown Atlanta, is the largest museum for visual art in the Southeast and operates under the Woodruff Arts Center, which also includes the Atlanta Symphony Orchestra and Alliance Theatre. The Woodruff reported $131.5 million in revenue in fiscal year 2024, up from $99.8 million the previous year, according to IRS filings cited by the newspaper.

Lum was hired in February 2019. According to the Woodruff’s 2024 Form 990, he was paid $312,374 that fiscal year, making him the organization’s fifth-highest-paid employee. In fiscal year 2023, he earned $298,044.

Woodruff officials said they have begun notifying donors and emphasized that the alleged misconduct involved a single individual.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Keep Reading

11-Year Restitution Dispute Over Prized Modigliani Ends With Loss for Nahmad Family

Gisela Colón on Puerto Rico, Bad Bunny, and the Power Beneath the Island

Why Filmmaker Ming Wong Is the Ultimate Shape-Shifter

Raja Ravi Varma Painting Sells for $17.9 M., New Auction Record for Indian Art

Local Resort Reportedly Pays $45 M. for Rauschenberg’s Famed Captiva Island Property

Canada returns 11 artefacts to Turkey in the first repatriation between the countries – The Art Newspaper

Maurizio Cattelan launches a hotline to hear people confess their sins.

Record-Breaking $110.5 M. Basquiat Painting, Now Owned by Ken Griffin, to Go on View in Miami This Summer

Smithsonian’s governing body quietly losing members – The Art Newspaper

Recent Posts
  • 11-Year Restitution Dispute Over Prized Modigliani Ends With Loss for Nahmad Family
  • Gisela Colón on Puerto Rico, Bad Bunny, and the Power Beneath the Island
  • Why Filmmaker Ming Wong Is the Ultimate Shape-Shifter
  • Raja Ravi Varma Painting Sells for $17.9 M., New Auction Record for Indian Art
  • Local Resort Reportedly Pays $45 M. for Rauschenberg’s Famed Captiva Island Property

Subscribe to Newsletter

Get the latest markets and assets news and updates directly to your inbox.

Editors Picks

Gisela Colón on Puerto Rico, Bad Bunny, and the Power Beneath the Island

April 4, 2026

Why Filmmaker Ming Wong Is the Ultimate Shape-Shifter

April 4, 2026

Raja Ravi Varma Painting Sells for $17.9 M., New Auction Record for Indian Art

April 4, 2026

Local Resort Reportedly Pays $45 M. for Rauschenberg’s Famed Captiva Island Property

April 4, 2026

Canada returns 11 artefacts to Turkey in the first repatriation between the countries – The Art Newspaper

April 4, 2026
Facebook X (Twitter) Instagram
© 2026 The Asset Observer. All Rights Reserved.
  • Privacy Policy
  • Terms
  • Press Release
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.