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 smartest AI trade right now is in molecules and powders, says the research firm known for nailing trends early

February 12, 2026

Experts Believe Hidden Tunnel in New York Museum was Used as ‘Safe House’ by Slaves During Civil War

February 12, 2026

US investment manager Nuveen agrees £9.9bn deal to buy Schroders

February 12, 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

‘Unrealistic’ €600m Louvre redevelopment plans must be scrapped, say striking workers – The Art Newspaper

News RoomBy News RoomJanuary 9, 2026
Share
Facebook Twitter LinkedIn Pinterest Email

Staff at the Musée du Louvre yesterday staged another walk out, citing concerns around working conditions and infrastructure, and demanding that controversial plans for a new entrance be scrapped. The action led the Paris museum to close on Monday morning before partially reopening at noon.

Some of the museum’s most well-known works, including the Mona Lisa, the Venus de Milo and the Winged Victory of Samothrace were then accessible, while all other galleries remained closed. Visitors entered the building via a separate entrance on the side of the Seine river, while staff held a meeting near the main entrance under the glass pyramid.

“Three hundred and fifty staff members, including curators, unanimously voted for the strike,” the three unions behind the action announced. A representative of the French Democratic Confederation of Labour (CFDT) added: “No one has ever seen that level of tension in a national museum.”

Striking workers and union representatives will meet again tomorrow morning (the museum is closed on Tuesdays) and will continue negotiations with France’s Ministry of Culture. According to the CFDT spokesperson, while there may be some progress made on job maintenance and wages, the main problem remains “the complete breach of trust between the staff and the director, Laurence des Cars”.

In a statement, unions demanded for the first time that des Cars drop her “unrealistic” €666m project to build a new entrance to the museum, alongside a subterranean complex around the Mona Lisa and an exhibition hall. Instead, they called for the director to “focus on the technical works” badly needed to preserve the collections.

However, in her 2026 budget, Des Cars has set aside €100m for preliminary studies for her grand plan, and only €15m for technical maintenance, including €1.8m for the safety of the museum’s works.

This latest strike follows a three-day walk out at the Louvre during the week before Christmas and the theft of the crown jewels in October. The objects have not been recovered despite the arrest of four men accused of carrying out the robbery.

Several official reports issued in the wake of the heist have since pointed out the “accelerated degradation” of the museum’s infrastructure due to “considerable delays” in maintenance work and priorities redirected to “visible and attractive operations”.

Later this week a new parliamentary investigation into the safety of museums will begin in the French parliament. It is expected to increase existing pressure on Des Cars to depart from her role as director.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Keep Reading

Experts Believe Hidden Tunnel in New York Museum was Used as ‘Safe House’ by Slaves During Civil War

Art Basel Hong Kong announces 240 galleries for the 2026 fair.

Iconic Baseball Painting by Norman Rockwell Acquired by the Art Institute of Chicago

Centre Pompidou’s New Jersey Museum Is Officially ‘Dead,’ Says Jersey City Mayor

Queens Museum Promotes Debra Wimpfheimer to Executive Director

World Monuments Fund Commits $7 M. to Protect Global Heritage Sites in 2026

David Zwirner announces representation of American painter Louis Fratino.

Artforum’s Tina Rivers Ryan Steps Down—Rachel Wetzler and Daniel Wenger  to Lead Magazine as Co-Editors

Ornate 1,400-year-old Zapotec tomb discovered in Mexico – The Art Newspaper

Recent Posts
  • The smartest AI trade right now is in molecules and powders, says the research firm known for nailing trends early
  • Experts Believe Hidden Tunnel in New York Museum was Used as ‘Safe House’ by Slaves During Civil War
  • US investment manager Nuveen agrees £9.9bn deal to buy Schroders
  • Crypto Market Update: Tether Doubles Down With US$150 Million Gold.com Stake
  • Racing legend Hurley Haywood lists his home in St. Augustine, Florida, for $5.2 million

Subscribe to Newsletter

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

Editors Picks

Experts Believe Hidden Tunnel in New York Museum was Used as ‘Safe House’ by Slaves During Civil War

February 12, 2026

US investment manager Nuveen agrees £9.9bn deal to buy Schroders

February 12, 2026

Crypto Market Update: Tether Doubles Down With US$150 Million Gold.com Stake

February 12, 2026

Racing legend Hurley Haywood lists his home in St. Augustine, Florida, for $5.2 million

February 12, 2026

Closer integration with the EU ‘the biggest prize’

February 12, 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.