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Niarchos Foundation Rescinds Over $3 Million Donation To Athens Museum

Ekathimerini reports that the Niarchos Foundation, owned by major art collector Stavros Niarchos, has withdrawn a donation of over three million dollars promised to the National Museum of Contemporary Art in Athens after the institution “failed to meet the agreed terms.” An agreement was signed over a year ago by the two parties and the funding was meant to allow completion of the museum’s extensive renovation of the former brewery it’s now housed in. No further details are available at this time.