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Paris' Musée d'Art Moderne is expanding its collection of photography thanks to a pioneering patronage scheme focused on young collectors, "Le Figaro" reports.

The 21 members of the newly established patronage group have committed to pledge €5,000 each year. This means the museum has secured a yearly budget of €105,000 entirely allocated to the acquisition of international works of photography. Two new female members will join the group during 2015, and the museum is hoping to reach a total of 30 young patrons in the longer term.

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The Syndicat National des Antiquaires (SNA) -- or the French National Union of Antique Dealers -- announced that it will launch a new fair aimed at young collectors this spring. Paris Beaux-Arts, which will be held at the Carrousel du Louvre, an underground center adjacent to the Musee du Louvre, will complement the SNA’s prestigious Biennale des Antiquaires.

The long-running Biennale des Antiquaires, which is celebrated for its elegant atmosphere, blue chip offerings, and elite guest list, specializes in rare antiques, fine art, jewelry, silver, and porcelain. The SNA intends for Paris Beaux-Arts to be equal to the Biennale in quality and range, but with a stronger emphasis on modern and contemporary art.

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