Museums across the globe are facing unprecedented challenges. In the West, public funding is shrinking, politics is creeping into the galleries, and institutions are asking hard questions about how to stay relevant to their donors and their publics. In an era of increasing scrutiny and diminishing returns, even the most established museums are questioning what long-term sustainability means.

Meanwhile in China, the private museum boom that once symbolized cultural ambition and real-estate wealth is cracking, and some of these lavish new museums are having to close or scale back.

In short, museums are in crisis.

Senior editor Kate Brown recently worked with Margaret Carrigan, our news editor and host of the Art Market Minute, to edit a four-part series examining this issue from different angles.

Margaret joins her on the podcast to talk about the takeaways and the financial, political, and ethical pressures reshaping museums. We also discuss whether this breaking point could be the start of a new era of reinvention.