Mona has lost $408m since it opened

Paddy Manning, Mona has lost $408 million since it opened in Tasmania but founder David Walsh doesn’t mind, ABC News, 15 November 2025

Tasmania’s Museum of Old and New Art (Mona) is building a new gallery wing and library extension that will “cost more than the original museum”.

Owner David Walsh says despite $408 million in losses since the museum opened in 2011, it is “financially where I want it to be”.

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