The Art Newspaper reveals that Nicholas Berggruen, famous for having disposed of all his possessions (except his plane and art) and living out of hotels, is planning to put his art on loan to LACMA for the forseeable future:

“I’m building up a collection for Lacma,” he says, “focusing on German artists such as Thomas Schütte, Martin Kippenberger, Gerhard Richter and Joseph Beuys.” Works by West Coast artists such as John Baldessari, Ed Ruscha, Charles Ray, Paul McCarthy, Bruce Nauman and Mike Kelley from Berggruen’s collection are also due to end up at the museum. “Los Angeles is still a developing cultural centre and that’s why one can make a difference there,” he says.

Berggruen builds collection for Los Angeles (The Art Newspaper)