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

UK Promises to Help Local Museums, The Masterminds Behind the Bayeux Tapestry Move, and More: Morning Links for August 7, 2026

August 7, 2026

‘What’s good for the planet is good for artists’: group launches new Green Manifesto – The Art Newspaper

August 7, 2026

Raise a glass: long-hidden image of soldier returns to Pieter de Hooch painting – The Art Newspaper

August 7, 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

Louvre Indefinitely Postpones Announcing the Winning Architect of Its $776 M. Expansion Project

News RoomBy News RoomFebruary 7, 2026
Share
Facebook Twitter LinkedIn Pinterest Email

Just over six months after it was announced, the Louvre has indefinitely postponed the competition launched in June 2025 to design an expansion of France’s most well-known art museum. The news was reported in Le Figaro Friday.

The project, called Louvre—Nouvelle Renaissance, was announced by French President Emmanuel Macron in January of last year and aims to ease overcrowding at the museum, which welcomes some 9 million visitors a year. It was expected to be completed by 2031.

The initial plan was to create a new entrance, update aging infrastructure, and—perhaps most controversially—build a new 33,000-square-foot exhibition space for the Mona Lisa. The plan was estimated to cost $778 million.

The Art Newspaper reported in January that the museum’s 2026 budget set aside $116 million for preliminary studies tied to the overhaul and $17.5 million for technical maintenance, including only $2.1 million for safety of the museum’s work.

Last month, 350 Louvre staff members from three different unions staged a walkout in opposition to the redevelopment plan, stating that the museum should prioritize long-delayed technical upgrades and building upkeep, rather than moving the Mona Lisa to a standalone gallery.

Five firms, selected by a 21-person international jury, had already been shortlisted: Amanda Levete Architects, architecturestudio, Dubuisson Architecture, Sou Fujimoto, and STUDIOS Architecture. The news comes less than a week before the jury was scheduled to vote on a winning proposal. The letter announcing the sudden change in plans was signed by Marc Guillaume, president of the jury and prefect of Paris. A new date was not announced.

Gaspard Joly, a partner at architeecturestudio, told Le Figaro that he thinks there wasn’t enough time for the Louvre to complete the necessary architectural and technical analyses for all five proposals.

The postponement caps a rough stretch for the French museum. In January 2025, a memo from Louvre director Laurence des Cars to the French cultural minister leaked, detailing extensive structural damage, water leaks, and overcrowding. Then, in October, thieves stole $102 million in crown jewels in a headline-grabbing heist, followed by pre-Christmas walkout.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Keep Reading

UK Promises to Help Local Museums, The Masterminds Behind the Bayeux Tapestry Move, and More: Morning Links for August 7, 2026

‘What’s good for the planet is good for artists’: group launches new Green Manifesto – The Art Newspaper

Raise a glass: long-hidden image of soldier returns to Pieter de Hooch painting – The Art Newspaper

“New Humans” Takes a Disappointingly Old Approach to Disability

Van Gogh’s exuberant ‘Tarascon Stagecoach’ will go on show in New York – The Art Newspaper

More Than 2,000 People Have Signed a Petition to Free Two Indian Artists After Protesting for Workers Rights

English Heritage Appoints V&A Deputy Director as New Chief Executive

An America250 IndyCar Race Will Pass By DC’s Museums. Could the Vibrations Damage Artworks?

Jean-Michel Basquiat’s Latest Brand Collaboration is A Makeup Line With MAC Cosmetics

Recent Posts
  • UK Promises to Help Local Museums, The Masterminds Behind the Bayeux Tapestry Move, and More: Morning Links for August 7, 2026
  • ‘What’s good for the planet is good for artists’: group launches new Green Manifesto – The Art Newspaper
  • Raise a glass: long-hidden image of soldier returns to Pieter de Hooch painting – The Art Newspaper
  • Decanter World Wine Awards 2026: UK shopper’s guide
  • Allianz GI joins SIX Swiss Exchange as an ETF issuer with four listings

Subscribe to Newsletter

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

Editors Picks

‘What’s good for the planet is good for artists’: group launches new Green Manifesto – The Art Newspaper

August 7, 2026

Raise a glass: long-hidden image of soldier returns to Pieter de Hooch painting – The Art Newspaper

August 7, 2026

Decanter World Wine Awards 2026: UK shopper’s guide

August 7, 2026

Allianz GI joins SIX Swiss Exchange as an ETF issuer with four listings

August 7, 2026

“New Humans” Takes a Disappointingly Old Approach to Disability

August 7, 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.