Displaying items by tag: private museum

Will François Pinault finally bring his collection to Paris? The luxury goods magnate and mega-collector chose to show his contemporary art collection in Venice's Palazzo Grassi after excessive bureaucracy and administrative complications prevented him from showing the works on Paris' Île Seguin in 2004.

However, according to the French newspaper La Croix, the billionaire is reconsidering showing at least a part of his art collection in the French capital.

Its death sentence came down in a public courtroom, but the priceless estate of the Corcoran Gallery of Art is being divvied up under a cloak of secrecy.

Museum-goers who grew up with Rembrandt Peale’s portrait of George Washington and George Inness’s landscapes don’t know if these and other treasures from the city’s oldest private museum will hang on the walls of the National Gallery of Art or at one of the Smithsonian museums — or if they will be consigned to a storage facility.

Chinese billionaire Liu Yiqian purchased a Tibetan tapestry for HK$348 million ($45 million) at a Christie’s auction in Hong Kong today, breaking the record for the most expensive Chinese work of art he set in April.

Liu, who bought a HK$214 million Chengua-era ceramic cup -- nicknamed the Chicken Cup for its imperial allegorical depiction using poultry -- and then paid for it with his Centurion credit card at Sotheby’s, plans to show both works in his private Shanghai museum.