Displaying items by tag: Eli Broad

While Angelenos love the new Broad Museum so much that tickets are already sold out through the end of the year, not everyone is happy about L.A.’s newest contemporary art institution.

A subcontractor, Seele Inc., who was responsible for the complicated construction behind its distinctive white mesh facade, is seeking $6.9 million in expenses from the Broad Collection, reports Curbed LA.

Joanne Heyler, the Director and Chief Curator of the forthcoming Broad Museum in downtown Los Angeles, has revealed select details surrounding the institution’s inaugural exhibit. The Broad, which will showcase the extensive collection of the financier/philanthropist Eli Broad and his wife, Edythe, will open to the public in fall 2015. The museum was originally slated to open in 2014, but officials announced in February that the date had been pushed to 2015 due to construction delays.

Designed by the New York City-based architecture firm Diller, Scofidio + Renfro, the $140-million Broad boasts 120,000 square feet and will serve as the headquarters of The Broad Art Foundation, a lending library of postwar and contemporary artworks founded by the Broads in 1984.

Eli Broad's new contemporary art museum that is currently rising in downtown Los Angeles will now open some time in fall 2015, organizers said on Tuesday.

The museum has experienced delays since construction began in 2012, and an expected 2014 opening was scratched earlier this year.

Broad officials didn't provide specific dates in their announcement. The museum, designed by the firm Diller Scofidio + Renfro, is expected to cost about $140 million and will feature artwork from the private collection of Eli and Edythe Broad.

Combatants in a lawsuit over construction problems at the Broad Collection museum now rising in downtown Los Angeles have decided to keep their work gloves on to finish the project before taking them off to fight over who’s to blame for delays and alleged cost overruns.

The Broad contends that problems caused by the subcontractor hired to provide the museum's distinctive concrete and glass exterior drove up costs by at least $19.8 million and set the museum's planned 2014 opening back by at least 15 months.

 Financier, philanthropist, and art collector Eli Broad is suing a German sub-contractor that was hired to create a unique, latticed facade for his forthcoming flagship museum. The Broad Collection, or The Broad for short, was slated to open in downtown Los Angeles by the end of 2014, but officials announced in February that the date had been pushed to 2015 due to construction delays. The $140-million institution will house approximately 2,000 contemporary artworks, including pieces by Jeff Koons, Takashi Murakami, Cindy Sherman, Andreas Gursky, and Mark Grotjahn, from the collection of Broad and his wife, Edythe.

The lawsuit, filed on Friday, May 30 in Los Angeles Superior Court, accuses Seele Inc., an architectural engineering and fabrication firm based near Munich, of numerous infractions, including breach of contract, fraud, deceit, and unfair competition. Seele was brought on by Broad and the museum’s general contractor Matt Construction in late 2011 to create the institution’s “veil” -- a honeycomb-esque facade that wraps around the building’s exterior and is expected to be one of The Broad’s most distinctive features. Seele has helmed numerous projects in the U.S., including creating striking exteriors for the Seattle Central Library and the New York Times’s Manhattan headquarters.

Christie’s sold $134.6 million of contemporary art in New York in an hour as international buyers from 26 countries chased after works including Andy Warhol’s electric chair silkscreen and Martin Kippenberger’s slouching man in his underwear.

Titled “If I Live I’ll See You Tuesday,” the auction yesterday surpassed its high target of $124.1 million as 11 artist records were set, including those for Richard Prince, On Kawara, Wade Guyton, Dan Colen and Kippenberger. Of the 35 lots offered, all but one found buyers. Similar to last week’s Impressionist and modern art auctions, Asian collectors competed fiercely, winning at least two of the top 10 lots, Christie’s said.

The opening date for the Broad, the contemporary art museum that will showcase Eli and Edythe Broad’s comprehensive collection, has been pushed back to 2015. The $140 million museum, which is being designed by the New York City-based studio, Diller Scofidio + Renfro, was initially slated to open at the end of this year but construction delays slowed progress.

The delay has given the museum, which will be located in downtown Los Angeles, time to develop plans for a restaurant and landscaped plaza. Diller Scofidio + Renfro have already finalized plans for the outdoor space while architects for the restaurant, which will be located next to the museum, have not yet been selected.

In 1984, lifelong philanthropists, Eli and Edythe Broad, founded the Broad Art Foundation, a lending library of contemporary artworks that have been loaned over 8,000 times to nearly 500 museums and galleries across the globe. The Broad, which will offer free admission, will serve as the headquarters for the Broad Art Foundation.

Museum officials plan to announce the Broad’s new opening date later this year. 

Los Angeles’ Museum of Contemporary Art (MOCA), which has been plagued by financial troubles for years, has quadrupled its endowment to over $100 million in the past nine months. Just last year the Los Angeles County Museum of Art offered MOCA $100 million to merge its two facilities with its own larger facilities. MOCA turned down the offer, opting to remain independent and launch a fundraising campaign for its endowment.

The campaign garnered the support of nearly 30 donors including financier and philanthropist Eli Broad and his wife, Edythe, who bailed the museum out nearly six years ago with a $30 million donation, and Jeffrey Deitch, MOCA’s former director. The museum is still searching for a permanent director following Deitch’s tumultuous departure.

MOCA is currently the only museum in Los Angeles dedicated solely to  collecting and exhibiting contemporary art. Its collection includes works by Roy Lichtenstein, Claes Oldenburg, Mark Rothko and Robert Rauschenberg.

Philanthropists Eli and Edythe Broad were given the William E. Simon Prize for Philanthropic Leadership at the annual meeting of The Philanthropy Roundtable on October 21st in Los Angeles. The prize includes $250,000 for the charity of the recipient’s choice; the Broads will give the funds to the High School for the Visual and Performing Arts in downtown L.A.

The Broads were honored for their extensive philanthropy in the areas of K-12 education reform, scientific and medical research, and the arts. The couple has invested over $3.5 billion in these areas in the past 50 years. Eli Broad said, “Edye and I are honored and humbled to receive this award and we are delighted to give the prize money to the arts high school, which combines academics with the arts to prepare the next generation of Los Angeles artists."

 Eli Broad championed the creation of the Los Angeles Unified School District’s flagship citywide arts high school, the city’s Museum of Contemporary Art and a number of other cultural institutions. The Broad Art Foundation is a lending library of contemporary artworks that have been loaned over 8,000 times to nearly 500 museums and galleries around the globe. The Broads are currently building a contemporary art museum and headquarters for The Broad Art Foundation in Los Angeles; the Broad is slated to open in late 2014.

The Broad, Los Angeles’ newest contemporary art museum, will offer free general admission when it opens in late 2014. The museum’s founders, Eli and Edythe Broad, made the announcement during a hardhat tour and preview of the institution. Eli Broad said, “It has long been our goal to ensure that the contemporary artworks in the Broad collections are seen by the broadest possible public. We believe that free general admission to the The Broad will help draw visitors to all of the cultural institutions along Grand Avenue.”

Designed by the New York City-based studio Diller Scofidio + Renfro, the new museum will present approximately 2,000 works from the Broads’ collections in a gallery space spanning over 50,000 square feet. In addition to the public galleries, The Broad will be the headquarters of The Broad Art Foundation, a lending library of contemporary art created by the Broads in 1984. Since establishing the foundation, the Broads have loaned over 8,000 works of art to nearly 500 museums and galleries across the globe.

The $140 million museum has created over 1,000 new jobs and is being built entirely with union labor.