Cosmetics billionaire, Leonard A. Lauder has promised his Cubist collection worth over $1,000,000,000 to the Metropolitan Museum of Art in New York. The collection includes paintings, sculptures, and drawings of the titans of cubism: Picasso, Braque, Gris, and Leger. Thomas P. Campbell, the Met’s director, says “It is an unreproducible collection, something museum directors only dream about.”
Leonard Lauder and his brother Ronald are heavy hitters in the NY art collecting world. According to the NY Times, Leonard Lauder says of his collection “You can’t put together a good collection unless you are focused, disciplined, tenacious and willing to pay more than you can possibly afford,” Mr. Lauder said. “Early on I decided this should be formed as a museum collection,” and “whenever I considered buying anything, I would step back and ask myself, does this make the cut?”
The MET is planning an exhibition of the collection in the fall of 2014.