L.A.-based philanthropist and business leader A. Jerrold Perenchio last week announced his agreement to donate the most significant works of his collection to the Los Angeles County Museum of Art’s (LACMA) planned new building for its permanent collection.
Officials said the promised gift will dramatically transform the museum’s collection of 19th and 20th-century European art. Consisting of at least 47 works including paintings, works on paper and sculpture, the majority of the collection is focused on the 1870s through the 1930s — an era that gave rise to some of the most radical and inventive moments in the history of art, officials added.
The collection, rarely seen in public, shows the road from Impressionism to Modernism. Highlights include three canvases by the French Impressionist Claude Monet — a classic painting of water lilies, “Nymphéas”, the grand still-life, “Asters”, as well as one of the four versions of “Le Jardin de l’artist à Vétheuil.”
It also includes works by Edouard Manet, Edgar Degas, Camille Pissarro, Pierre Bonnard, Pablo Picasso, Fernand Léger and René Magritte.
News of the historic gift follows a unanimous vote by the Los Angeles County Board of Supervisors to support LACMA’s plans for a new museum building designed by Swiss architect Peter Zumthor, through a plan to contribute $125 million and future financing, to be matched by $475 million in private support.
The new building, which will replace four of the museum’s seven current buildings, is intended to present LACMA’s vast and wide-ranging permanent collection, as well as conservation and study facilities, officials said.
“LACMA has made tremendous progress over the past seven years under Michael Govan’s leadership, along with the support of its board of trustees and the Los Angeles County Board of Supervisors,” Perenchio said. “With the newly proposed Peter Zumthor building poised to deliver LACMA through the twenty-first century and beyond, I decided now was the perfect time to announce that I intend to leave the most important part of my art collection to the museum. Hopefully, my gift will serve as a catalyst to encourage other collectors to do the same and also stimulate major private donations to ensure that the Peter Zumthor building is built in a timely manner.”
Select works from Perenchio’s promised gift will be on view at LACMA in the spring of 2015, coinciding with the museum’s 50th anniversary.
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