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It’s really big news for Art Industry and , of course, everyone that the philanthropist and cosmetics tycoon Leonard A. Lauder has promised the Metropolitan Museum of Art his collection of 78 Cubist paintings, drawings and sculptures that worth aroung $1 Billion.
The trove of signature works, which includes 33 Picassos, 17 Braques, 14 Légers and 14 works by Gris, is valued at more than $1 billion. It puts Mr. Lauder, who for years has been one of the city’s most influential art patrons, in a class with cornerstone contributors to the museum like Michael C. Rockefeller, Walter Annenberg, Henry Osborne Havemeyer and Robert Lehman.
Picasso’s “The Scallop Shell (Notre avenir est dans l’air)” , 1912
The museum will also establish a new research center for modern art, supported by a $22 million endowment created by donors including Lauder, it was announced.
“Leonard’s gift is truly transformational for the Metropolitan Museum,” Met director and CEO Thomas Campbell said. “Although the Met is unique in its ability to exhibit over 5,000 years of art history, we have long lacked this critical dimension in the story of modernism. Now, Cubism will be represented with some of its greatest masterpieces,”
In a statement, Lauder, 80, said his gift is for “the people who live and work in New York and those from around the world who come to visit our great arts institutions.”
“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.”
In the New York art scene, which is heavily populated with big-time collectors, Mr. Lauder is a singular figure. While many of his peers have made splashy acquisitions, seduced by the latest trends, he has quietly and steadily built a museum-worthy collection with a single focus, on Cubism.
Picasso’s “Woman in an Armchair (Eva),” 1913.
The term Cubism first appeared in a review of a 1908 exhibition at Daniel-Henry Kahnweiler’s Paris gallery, which featured early Cubist works. What began as a collaboration between Picasso and Braque, Cubism became a pioneering movement that redefined concepts of space and time, high and low. Those artists, along with Fernand Léger and Juan Gris, took shapes that were familiar and turned them upside down, dismantling the traditional perspective.
Challenging the romantic view of painting, Cubist artists also began incorporating things like cardboard, sand, sawdust, rope, wood, wallpaper, stencils and bits of newspaper into their paintings, drawings, collages and sculptures. Their work paved the way for abstraction.
The Lauder Collection expected to be unveiled late in 2014
Source of information : NYTimes, yahoo.entertainment.