As new families made money from finance and industry, old-money New Yorkers tried to maintain their social standing by excluding the newcomers from events and institutions. But when the old guard denied William H. Vanderbilt one of the 18 private boxes at the New York Academy of Music on 14th Street—the city's premiere musical venue—Vanderbilt took a stand.

Vanderbilt corralled a group of new-monied bankers and industrialists to create a performance space of their own. The Goulds, Morgans, Whitneys, and Rockefellers were among those who paid $10,000 each to begin a "social war of extermination."

They hired the architect J.C. Cady to design the Metropolitan Opera House. The result was a yellow brick structure some called simple and dignified and others compared to a brewery: "Looked at from the street," wrote the New York World, "the building appears like an enormous malthouse. Inside it has the appearance of a Mississippi steamboat."

But no one could dispute that is size was impressive. It had 122 boxes (versus the Academy's 18), the largest stage in the United States, and the capacity to fit more than 3,000 people. "

On opening night, according to the New York Dramatic Mirror, "all the nouveau riches were on hand. The Goulds and the Vanderbilts and people of that ilk perfumed the air with the odor of crisp greenbacks" and "the tiers looked like cages in a menagerie of monopolists.

Ultimately, new money won the battle to take center stage in the city's social scene. A little more than two years after the Metropolitan Opera opened, the Academy of Music closed. Its owner told the press: "I simply could not fight a battle with all Wall Street."

The Broadway building was torn down in 1967 after a failed attempt by political leaders and preservationists to designate it as a landmark.

Since 1966, the Metropolitan Opera has made its home at Lincoln Center.