Art Investment

Saatchi will open a new museum in London

advertising magnate and collector Charles Saatchi (Charles Saatchi), through which the world learned about the work of Damien Hirst (Damien Hirst) and other 'Young British Artists, is going to give your gallery State. When he retires, the gallery will be renamed the London Museum of Contemporary Art (MOCA London).

collection of the museum will include about 200 works from the Saatchi collection, including such renowned installations as "My Bed" by Tracey Emin (Tracey Emin) and "tragic Anatomy brothers Chapman (Chapman Brothers). The total cost of collection is 25 million pounds (37,5 million dollars). Art lovers will be able to see the museum designed to work in three exhibitions that will occur in the Saatchi Gallery in 2012, just in time for the London Olympics.

Charles Saatchi was born in 1943 in Baghdad. His first London gallery he opened in 1985. He assembled one of the most important collections in the world of contemporary art, which includes not only the "Young British Artists, but also works by artists from China, India and other countries that are actively integrating into the global art market. For the latter, the museum will also find a place. Saatchi - one of the major players in the international art market: he buys a large number of works (often in bulk, and sometimes even having an idea about the work only in reproduction), and then sells them at auctions.

Now Saatchi Gallery is located in a large building on the square of the Duke of York; collector expressed his hope that the Museum of Modern Art will be located in the same building. All employees of the gallery, including the director Nigel Hurst (Nigel Hurst), will enter the museum administration. Log in ILAC, as in the gallery will be free. Sponsors had to be the same - Google, Audi, Deutsche Bank. Saatchi also promises to give the museum a work, proceeds from the sale of which will be used to purchase new items.

is unclear what specific public agency will own the gallery. It is alleged that the work which will not be part of the permanent exhibition, the state will be able to lend to other museums.

P. S. Read the site ARTinvestment.RU:

30 issues Charles Saatchi. Part 1

30 questions to Charles Saatchi. Part 2

Sources: artinfo.com , artinvestment.ru


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