Carmen Thyssen-Bornemisza has an extra three months to decide if 429 works from her personal art collection will remain in Madrid’s Thyssen-Bornemisza Museum or go on loan elsewhere for a fee. She was expected to announce her decision by February 15 but the deadline has been extended to May 15.
In 1993, Thyssen-Bornemisza’s late husband Hans Heinrich Thyssen-Bornemisza sold 775 works to the Spanish government for $350m. These pieces are now in the purpose-built museum in Madrid. After the museum opened, she started her own collection and loaned 429 works to the Madrid museum in 1999 for 11 years. The loan has been renewed annually since 2012.
