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

The Knicks Championship Trophy Is Heading to the American Museum of Natural History

July 23, 2026

Leonardo da Vinci May Become the Face of Future Euro Banknotes

July 23, 2026

Appeals court sides with Jeff Koons in copyright-infringement dispute over ‘Made in Heaven’ series – The Art Newspaper

July 23, 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

Restoration of Fire-Ravaged Glasgow School of Art May Be Too Expensive

News RoomBy News RoomJuly 23, 2026
Share
Facebook Twitter LinkedIn Pinterest Email

The future of the architecturally illustrious centerpiece of the Glasgow School of Art—designed by Charles Rennie Mackintosh and completed in stages between 1899 and 1909—is uncertain after the school said planned renovation work following two fires is too expensive to undertake on its own.

After a fire in 2014, actors Brad Pitt and Peter Capaldi led a fundraising drive to restore the building. But another blaze in 2018 did further damage that was deemed “exceptionally significant,” according to a BBC report tracing the timeline of what Stuart Robertson, the director of the Charles Rennie Mackintosh Society, described as “like déjà vu.”

But after the settlement of a years-long insurance claim, the Glasgow School of Art calculated the cost to reopen the building as £265 million (around $355 million) and said, in a press release, the “scale of such a project would be beyond the capacity and expertise of the School and, despite reaching a positive settlement with insurers, the funding gap is significant due in large part to the rising costs of construction projects.”

A report in the New York Times quoted Neil Baxter, an architectural historian and former lecturer in architectural history at the school, saying, “The Scottish government should step up, and if it can’t, the British government should step up.”

Màiri McAllan, the Scottish government’s education and culture minister, vowed to “work closely with them and other partners to help secure a prosperous future for this iconic building.”

The Times said the Art Nouveau building, widely considered Mackintosh’s masterpiece, “was visited by tens of thousands of tourists each year, especially to see its startling library with modernist lighting reminiscent of factories, and ornate carvings that evoked Italian landscapes.”

The paper added that Ann Priest, chair of the Glasgow School of Art’s board of governors, said that early discussions with Scottish and British government officials about potential approaches to funding the building’s restoration “have been supportive and incredibly positive.”

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Keep Reading

The Knicks Championship Trophy Is Heading to the American Museum of Natural History

Leonardo da Vinci May Become the Face of Future Euro Banknotes

Appeals court sides with Jeff Koons in copyright-infringement dispute over ‘Made in Heaven’ series – The Art Newspaper

MFA Boston to host exclusive U.S. Pierre-Auguste Renoir exhibition in February 2027.

South Korean Museum Returns Two Qing Dynasty Lion Sculptures to China

MEET THE ARTIST: BEN GARZA

FBI Returns Looted Cultural Artifacts to Indonesia

Ecuador’s national museum picks new design for $100m home following pushback to original selection and resignations – The Art Newspaper

5 Art Habits That Can Help You Live Longer

Recent Posts
  • The Knicks Championship Trophy Is Heading to the American Museum of Natural History
  • Leonardo da Vinci May Become the Face of Future Euro Banknotes
  • Appeals court sides with Jeff Koons in copyright-infringement dispute over ‘Made in Heaven’ series – The Art Newspaper
  • MFA Boston to host exclusive U.S. Pierre-Auguste Renoir exhibition in February 2027.
  • South Korean Museum Returns Two Qing Dynasty Lion Sculptures to China

Subscribe to Newsletter

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

Editors Picks

Leonardo da Vinci May Become the Face of Future Euro Banknotes

July 23, 2026

Appeals court sides with Jeff Koons in copyright-infringement dispute over ‘Made in Heaven’ series – The Art Newspaper

July 23, 2026

MFA Boston to host exclusive U.S. Pierre-Auguste Renoir exhibition in February 2027.

July 23, 2026

South Korean Museum Returns Two Qing Dynasty Lion Sculptures to China

July 23, 2026

Crypto Market Update: Crypto.com Hits US$20 Billion Valuation

July 23, 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.