Displaying items by tag: agreement

The Guggenheim museum will remain in Bilbao for the foreseeable future. The Solomon R. Guggenheim Foundation announced yesterday that it was renewing the agreement is has with the Basque museum until 2034. The Guggenheim Museum Bilbao has welcomed almost 17 million visitors and staged over 140 exhibitions since it opened in 1997; and has had much success over the 17 years that is has engaged with the public. In fact the museum success quickly triggered the redevelopment of the formerly decrepit port area of Bilbao and bolstered tourism in the entire Basque Country.

The regeneration of the area and the economic evolution of the country was coined the “Guggenheim effect" soon after to describe this museum-led process.

The Art Museums of Colonial Williamsburg and the Museum of Early Southern Decorative Arts (MESDA) at Old Salem Museums & Gardens have embarked on a five-year collaboration that will involve extended reciprocal loans. The institutions got a head start on their agreement with the joint exhibition Painters and Paintings in the Early American South, which is currently on view at the Art Museums of Colonial Williamsburg. Nine major paintings from MESDA’s collection are part of the exhibition while several objects from the Art Museums of Williamsburg’s holdings are already on view at MESDA.

The objects involved in the reciprocal loan agreement include clocks, high chests, paintings, silver coffee pots, and much more. Many of the objects from MESDA’s collection on loan to Colonial Williamsburg will be presented as part of the long-term exhibition A Rich and Varied Culture: The Material World of the Early South, which is expected to go on view at the DeWitt Wallace Decorative Arts Museum, one of the Art Museums of Colonial Williamsburg, in January 2014. The show will present a range of furniture, silver, ceramics, textiles, tools, machines, and architectural elements.

Ronald L. Hurst, Colonial Williamsburg’s vice president for collections, conservation, and museums and the Carlisle H. Humelsine chief curator, said, “This is the age of partnerships. With partnerships everyone wins: the institutions, the public, the scholarly world…so why not do it? Both [the Art Museums of Colonial Williamsburg and MESDA] have some remarkable objects temporarily off view. Why not show them at a sister institution?”

The Board of Trustees of the Corcoran Gallery of Art in Washington, D.C. announced an upcoming partnership with the National Gallery of Art. The three-year agreement allows the Corcoran to exhibit works of modern and contemporary art from the National Gallery’s collection while the museum’s East Building is under renovation. The Corcoran is working on trimming expenses and has been battling rumors that it will sell its landmark Beaux Arts building due to financial troubles. During the Board’s announcement, officials scrapped any speculation by confirming that the Corcoran will not be moving.

The Corcoran has collaborated with the National Gallery in the past but their new partnership is the most expansive to date. Earl A. Powell III, Director of the National Gallery of Art, said, “We are very pleased to be able to share works from the nation’s collection of modern art with visitors to the Corcoran while our East Building is closed for renovations. We have a history of lending works to the Corcoran, but the larger number of works addressed by this agreement and the increased length of their exhibition at the Corcoran makes this a new development in our long relationship.”

The National Gallery of Art is expected to close for renovations beginning next year.

When Henry Kravis, the co-chairman of the global investment firm KKR & Co., and prominent art collector Donald L. Bryant Jr. purchased a triptych by Jasper Johns (b. 1930) in 2008, the duo agreed to take turns exhibiting the works in their homes before eventually donating them to the Museum of Modern Art in New York. In a lawsuit recently filed by Kravis and his wife, Marie-Josée, the couple claims that Bryant violated their agreement when he refused to hand the works over to them on January 14, 2013. The Kravises stated that Bryant is essentially holding the works hostage until their agreement is amended, nixing the pledge to donate the paintings.     

Considered one of the most important living American artists, Johns completed the three works titled Tantric Detail I, Tantric Detail II, and Tantric Detail III in 1980 and 1981. A powerful presence in the contemporary art market, Johns’ triptych is said to be worth between $15 million and $25 million. MoMA announced the Johns acquisition in a 2008 press release saying that the works were a “promised gift” from Bryant, who was one of the museum’s trustees at the time, Marie-Josée, the president of MoMA’s board of trustees, and her husband, Henry.

In their lawsuit, the Kravises ask that Bryant relinquish the works to them so that they can fulfill their vow to donate the paintings to MoMA.  

Paris’ Musee du Louvre and the Fine Arts Museums of San Francisco, which includes the Legion of Honor and the de Young Museum, announced that they have reached a mutual agreement and will collaborate on a series of exhibitions and exchanges. The institutions will share works from their incendiary collections over the course of the next five years including antiquities, paintings, decorative arts, prints, drawings, textiles, and sculptures.

The Louvre and Fine Arts Museums have been working on the arrangement for the past two years and will celebrate its commencement with the exhibition, Royal Treasures from the Louvre: Louis XIV to Marie-Antoinette. The show, which opened on November 17 and features a collection of decorative arts from the French monarchy, will be on view through March 17, 2013.

The agreement will allow each world-renowned institution to broaden their international reach and inhabitants of each city will have a new selection of masterpieces to view. Loans between the museums may include entire exhibitions or single objects.