A 'Transformational Gift': New York's Met Will Receive $1 Billion Cubism Collection
Lauder, the heir of his mother Estee Lauder's cosmetics fortune, agreed to give the museum 33 works by Picasso, 17 by Braque, 14 by Gris, and 14 by Léger. Forbes, which has calculated Lauder's net worth, values the collection at $1.1 billion.
"The Cubist trove therefore signifies a gift of 13.5% of Lauder's total net worth — and drops his fortune to $7 billion," . "It also enshrines him in the pantheon of the ."
on the significance of the collection:
The Times adds that Lauder has been courted for years over his collection. The National Gallery of Art in Washington was among those seeking the collection, the Times reports."Scholars say the collection is among the world's greatest, as good, as if not better, than the renowned Cubist paintings, drawings and sculptures in institutions like the Museum of Modern Art in New York, the State Hermitage Museum in St. Petersburg and the Pompidou Center in Paris. Together they tell the story of a movement that revolutionized Modern art and fill a glaring gap in the Met's collection, which has been notably weak in early-20th-century art.
"'In one fell swoop this puts the Met at the forefront of early-20th-century art,' Thomas P. Campbell, the Met's director, said. 'It is an unreproducible collection, something museum directors only dream about.'"
Lauder explained his decision to give to the Met in a statement.
"I selected the Met as the way to share this collection because I feel that it's essential that Cubism — and the art that follows it, for that matter — be seen and studied within the collections of one of the greatest encyclopedic museums in the world," Lauder said. "The Met's collection of modernism, together with those of MoMA, the Guggenheim, and the Whitney, reinforce the City's standing as the center for 20th-century art and fuel New York's ongoing role as the art capital of the world."
The collection will be presented for the first time at the Met during an exhibition scheduled for the fall of 2014.
No comments:
Post a Comment