The International Herald Tribune pays tribute to Jean Claude Grandur who has announced that he will step down from running his commodities trading firm to concentrate on his art collection:

Built from the early 1980s, his art collection comprises 850 ancient artifacts, over 300 mostly postwar European nonfigurative, Expressionist paintings, and decorative pieces from the Renaissance to modern times.

Many of the paintings hail from what is sometimes referred to as the Second School of Paris and include works by Pierre Soulages, Hans Hartung, Georges Mathieu, Gérard Schneider and Nicolas de Staël. […] Many of the best pieces have been pledged by his art foundation to the Geneva museum for 99 years; Mr. Gandur is donating up to 40 million Swiss francs, or $46.8 million, to finance an extension designed by the architect Jean Nouvel that is expected to reopen in five to seven years.

A Billionaire Commodities Trader Turns to Art (International Herald Tribune)