Displaying items by tag: leonard lauder

After donating 78 Cubist masterpieces to New York’s Metropolitan Museum of Art in April, philanthropist and cosmetics mogul Leonard A. Lauder will add Fernard Léger’s The Village to the bequest. Lauder has been interested in the painting for several years and provided the Met with the funds necessary to acquire the work. The painting went on display in the museum’s Lila Acheson Wallace Wing for Modern and Contemporary Art this week, where it will remain on view through the end of the year.

Painted by Léger in 1914, The Village depicts a church and neighboring buildings surrounded by trees. The country scene differs from most of the French artist’s paintings, which tend to capture more urban environments. The Village was in a private collection for nearly a century and was not publicly exhibited during that time. Thomas P. Campbell, the Met’s director and CEO, said, “Leonard Lauder is dedicated to creating the greatest collection of Cubist art in the world and to ensuring that these works will be accessible to the millions of people who visit the Met. Léger’s Village certainly demonstrates that unparalleled commitment.  It is a rare and beautiful painting, in pristine condition.”

Lauder’s original gift, which is estimated to be worth around $1 billion, includes works by Pablo Picasso, Georges Braque and Juan Gris. Together, these works tell the story of a movement that transformed the landscape of modern art. Cubism departed from the traditional interpretations of art, challenged conventional perceptions of space, time, and perspective, and paved the way for abstraction, a concept that dominated the art world for much of the 20^th century.

The entire Leonard A. Lauder Cubist Collection will go on view at the Met on October 20, 2014. The exhibition will remain open to the public through February 16, 2015.  

Officials at the Metropolitan Museum of Art in New York have announced that philanthropist and cosmetics mogul Leonard Lauder will donate $1 billion worth of art to the museum. The gift includes 78 Cubist paintings, drawings, and sculptures and will significantly improve the Met’s 20^th century holdings. The Leonard A. Lauder Collection includes 33 works by Pablo Picasso (1881-1973), 17 by Georges Braque (1882-1963), 14 by Juan Gris (1887-1927), and 14 by Fernand Léger (1881-1955); for a private Cubist collection it is unmatched in its quality and breadth.

Highlights from the Lauder Collection include Picasso’s landscape The Oil Mill (1909), which was one of the first Cubist images to be reproduced in Italy; Braque’s Fruit Dish and Glass (1912), the first Cubist paper collage ever created; and Picasso’s Head of a Woman (1909), which is considered the first Cubist sculpture. Together, these works tell the story of a movement that transformed the landscape of modern art. Cubism departed from the traditional interpretations of art, challenged conventional perceptions of space, time, and perspective, and paved the way for abstraction, a concept that dominated the art world for much of the 20^th century.

Lauder acquired his first Cubist works in 1976 and has maintained his remarkable dedication to collecting for nearly 40 years. He continues to collect and is committed to looking for new opportunities to add to his gift to the Met. In coordination with Lauder’s remarkable gift, the Met is establishing a new research center for modern art. The center is supported by a $22 million endowment that Lauder helped spearhead. Grants for the center came from various trustees and supporters of the Met, including Lauder.

The Lauder Collection will be exhibited for the first time at this Met during the fall of 2014.

On December 5, Sotheby’s in New York will help cosmetics executive, Leonard Lauder, auction off jewelry that once belonged to his wife, Evelyn, and mother Estée. The collection is worth at least $13.4 million and includes a 47.714-carat heart-shaped yellow diamond with connections to the Duchess of Windsor, a Van Cleef & Arpels brooch featuring a pair of ruby tulips and diamonds, a flawless 6.54-carat fancy intense pink diamond ring by Oscar Heyman & Bros, and a 22.16-carat platinum and diamond ring from Graff.

Part of Sotheby’s Magnificent Jewels auction, the proceeds from the 35 pieces will benefit the Breast Cancer Research Foundation, an organization founded and championed by Evelyn Lauder. Additional pieces from the collection will be offered in New York as part of the Important Jewels auction in February 2013, also sold to benefit the Research Foundation. Leonard Lauder, chairman of The Estée Lauder Company and acting chairman of The Breast Cancer Research Foundation said, “We are pleased to be partnering with Sotheby’s for this important auction. Each piece of jewelry is unique and very special.”

 The auction comes at a time when high-end jewelry has been outperforming most of the art market. Buyers and collectors continue to seek recession-proof assets and have turned to quality jewelry designed by big names such as Bulgari and Van Cleef & Arpels for stable investments. Sotheby’s said its jewelry sales were up 19% this year.