Displaying items by tag: president

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.  

For the first time in the Louvre’s 220-year history, the search for a new chief for the museum may include non-French candidates. Public spending in France is being reduced by $13.4 billion this year and a candidate with expertise in international fundraising is crucial to the Louvre, which has led officials to broaden their search criteria. While French President Francois Hollande vowed not to cut cultural projects, the culture ministry’s budget was reduced by 2.3 percent for 2013.

The Louvre’s new director will be responsible for finding funds to expand the institution’s reception area; the area was built in the 1980s when the museum hosted 4 to 5 million visitors a year. The Louvre, the most visited museum in the world, now welcomes around 10 million visitors a year.

Talks regarding a new director for the Louvre began when the museum’s current chief, Henri Loyrette, announced his resignation on December 17, 2012. Hollande plans to have a new director in place when Loyrette’s twelve-year run at the helm of the institution ends in April.

After twelve years at the helm of the world’s busiest museum, Henri Loyrette announced that he will leave his post at the Musée du Louvre in April of 2013. Before becoming the president and director of the Louvre, Loyrette served as the first curator and then the director of Paris’ Musée d’Orsay from 1994 to 2001 and has served as France’s chief curator of heritage since 1975. Loyrette has already informed the president of France, François Hollande, and the country’s minister of culture of his departure.

The Louvre attracts more visitors each year than any other institution in the world and Loyrette has managed to keep that number on the rise. In fact, the number of visitors has almost doubled under Loyrette’s leadership; 5.1 million patrons were reported in 2001 and by the end of 2012, almost 10 million people will have visited the Louvre this year.

However, Loyrette did much more than increase attendance during his time at the Louvre. He is responsible for implementing the museum’s contemporary art program and has organized exhibitions by Cy Twombly (1928-2011), Anselm Kiefer (b. 1945), and many other renowned modern artists. Loyrette employed a new policy that relied on crowd-sourced fundraising and launched a number of successful public campaigns that asked art enthusiasts to help the museum make important acquisitions. Loyrette also oversaw the opening of the Louvre’s outpost in the northern city of Lens as well as the expansion of the museum’s Islamic art galleries, which opened earlier this year.

Loyrette will no longer be in charge when the Louvre’s outpost in Abu Dhabi opens. The controversial project stirred debate in the French art world as Abu Dhabi has paid nearly $1.3 billion to use the Louvre name for thirty years and to gain access to the museum’s collection during that time. Designed by French architect Jean Nouvel, the Abu Dhabi location is slated to open in 2015.

Christie’s announced this week that it has named Doug Woodham the president of Christie’s Americas. Woodham has spent the last 20 years working in finance, technology, and business, holding jobs at UBS Wealth Management and Moody’s KMV, an analytics company that helps capital markets and credit risk management professionals worldwide.

Christie’s former president, Marc Porter, is now the international head of private sales and will continue to serve as the chairman of Christie’s Americas. Woodham, who will report directly to Christie’s CEO Steven Murphy, will be responsible for the overall management of the company in the Americas.

Woodham’s art world experience includes a two-year stint as the co-chair of the American Fellows patron program at the Whitney Museum of American Art. He played a pivotal role in developing a financial plan for funding the Whitney’s new building; a Renzo Piano designed the $750 million structure that will open in New York’s meatpacking district in 2015.