Published On: Wed, Oct 15th, 2014

Leonard Lauder’s $1Billion Cubist Artwork Donation Unveiled at The Metropolitan Museum of Art

 

Lauder

 

Last year, Leonard Lauder, executive of the iconic cosmetics company Estee Lauder, pledged $1 billion of 20th century Cubist artworks to the Metropolitan Museum of Art. That collection will soon be unveiled, as reported by the Wall Street Journal, as early as next week. The museum had long wanted to expand its offerings of twentieth-century and contemporary artwork, and Lauder’s donation has enabled the museum to make additional curatorial hires and expand its Lila Acheson Wallace wing.

Lauder’s collection is one of the most important of its kind in the world, and contains works by Picasso, Georges Braque, Juan Gris and Fernand Leger. It contains 81 works, and Lauder said he will continue adding to collection. An expansion is underway to give the works of art an appropriate home, since space in the museum previously had been limited. The renovation will likely include an extension into the Whitney museum on Madison avenue.

 

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