Museum of American Finance Collections Remain Unharmed as Building Suffers Major Flood

January 16, 2018

UPDATE (April 2): We are unable to provide a re-opening date for the Museum at this time. Construction has not yet begun and, therefore, we are unable to provide a timeline. We will continue to update the public on our estimated re-opening via our website and social media channels (@FinanceMuseum).

UPDATE (March 15): Please note that the Museum staff is currently operating offsite at a temporary office location. During this time, e-mail is the preferred method of communication, as voicemail may not be accessed as frequently.

New York, NY – On Sunday, January 14, the Museum of American Finance's facility sustained significant water damage from flooding that resulted from a burst heating pipe on the fourth floor of its building at 48 Wall Street in New York City. The museum’s archives were not in any way affected by the water, nor were any artifacts or documents on display damaged by the flooding.

As a precaution, the Museum’s exhibition and collections management team immediately removed all documents and most objects from the exhibition hall. Water remediation efforts have been underway since the flooding was discovered on Sunday afternoon. As a result of the continuing clean-up and restoration of its facility, the Museum will remain closed to the public until further notice.

“The damage resulting from the flood in our building will cause a major impact on our operations for the near future,” said David Cowen, the Museum’s president. “However, we were extremely fortunate in that we did not lose one document from our world-class collection, nor were any objects on loan to us affected in any way.”

The burst pipe was located in an office directly above the three floors of space the Museum leases, on the Wall Street side of the building. All three of the Museum’s floors sustained major water damage, including the Grand Mezzanine exhibition hall, entry vestibule, auditorium, offices, library and numerous storage areas.

Please note that the Museum's events will proceed as scheduled. Check the Events page for updated locations. The Museum will continue to update the public on its estimated reopening via its website (www.moaf.org) and social media channels (@FinanceMuseum).

About the Museum of American Finance
The Museum of American Finance, an affiliate of the Smithsonian Institution, is the nation’s only independent museum dedicated to preserving, exhibiting and teaching about American finance and financial history. With its extensive collection of financial documents and objects, its seminars and educational programming, its publication and oral history program, the Museum portrays the breadth and richness of American financial history, achievement and practices. For more information, visit www.moaf.org or connect with the Museum on Facebook or Twitter.

Media Contact: 
Kristin Aguilera 
Museum of American Finance 
212-908-4695, kaguilera@moaf.org