Eli Broad to construct a museum of modern art

Eli Broad

The American billionaire, the patron of art and collector Eli Broad announced of his decision to construct his own museum of modern art in Los-Angeles. The new exhibition center is supposed to be built in Beverly-Hills and will include the whole Broad’s collection which totals more than 2000 works. Additional details of the project are not known yet. There’s only the information that the construction of a new museum will take no less than three years.

The founder of financial giant SunAmerica Eli Broad is among ten the most influential collectors of the world according to the version of Art News magazine. His collection exists for more than 30 years and covers the period from 1960s up to now. It includes works by such artists as Jeff Koons, Roy Liechtenstein, Robert Rauschenberg and Andy Warhol.

Broad said for many times that he wished to make his collection as much as possible available for public but without losing his ownership for works donating them to one of the state funds.

Now the most part the collection is stored in Santa Monica. Some objects are being exhibited but in the closed way.

In 2003 the patron of art allocated money for construction of a museum of modern art Broad Contemporary Art Museum which became a part of a complex of the Los Angeles District Art Museum (LACMA). In 2007 he donated $26 000 000 for building of the Eli and Edythe Broad Art Museum at the State University of the Michigan State.

Published in: on January 16, 2009 at 9:15 am  Leave a Comment  
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