Collector Michael Buxton announced on Wednesday that he will donate AUS$26 million to create a new contemporary art museum in Melbourne.
The donation includes $10 million worth of art from his impressive collection. The 300 works are by 53 major contemporary artists including Howard Arkley, Ricky Swallow, Tracey Moffat, Emily Floyd, Patricia Piccinini, and Bill Henson.
The Australian property mogul will also put forth $16 million to construct a new building for the gallery that will be called the Michael Buxton Centre of Contemporary Arts (MBCOCA).
