Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

Guess Jeans Founders Buy LA Building for Museum

July 25, 2013 by Marion Maneker

Scottish Rite Masonic Temple

Maurice Marciano recently rejoined the LA MoCA board and has promised the museum works by Sterling Ruby, Wade Guyton and Tauba Auerbach. He also just re-emerged on ArtNews Top 200 list of collectors which may be because he’s been planning a new private museum for Los Angeles.

The LA Times reveals that public records show The Maurice and Paul Marciano Art Foundation spent $8 million on the Scottish Rite Masonic Temple, a disused building designed by Millard Sheets that has been languishing in LA since 1994:

“We have been looking for a home for the collection,” said William F. Payne, a spokesman for the Beverly Hills foundation. “It’s a legacy project for the family.”

It’s unclear when the museum will be finished and how much it will cost, he said, but Sheets’ vision will remain. […]

Maurice Marciano rejoined the board of trustees of the Los Angeles Museum of Contemporary Art in October and was recently named one of the world’s top 200 active art collectors by magazine. MOCA said Marciano has donated or promised three works for its collection: a sculpture by Sterling Ruby and paintings by Wade Guyton and Tauba Auerbach.

Bluejeans moguls to turn Masonic lodge in L.A. into a private museum (Los Angeles Times)

More from Art Market Monitor

  • The Art World: Where Does the Money Come From?The Art World: Where Does the Money Come From?
  • Phillips Armory Week = $8.7mPhillips Armory Week = $8.7m
  • Koons Is King of LA, MoCA Fundraiser ReinforcesKoons Is King of LA, MoCA Fundraiser Reinforces
  • The Munich Hoard: One Man’s StoryThe Munich Hoard: One Man’s Story
  • Adam Lindemann Is A Little Frustrated with the Art MarketAdam Lindemann Is A Little Frustrated with the Art Market
  • Crystal Bridges Announces Purchase of Record Felix Gonzalez-Torres on InstagramCrystal Bridges Announces Purchase of Record Felix Gonzalez-Torres on Instagram

Filed Under: Collectors

About Marion Maneker

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

Top Posts

  • Keith Haring’s 1989 Retrospect Comes to Sotheby’s London Prints Sale
  • Rare Photo Album by Dutch Street Photographer Bought at Auction by Rijksmuseum
  • Christie's Announces $70m Picasso Self Portrait
  • David Hockney's $20m Pacific Coast Highway & Santa Monica
  • Four of Picasso's Women Valued at $28m Come to Christie's from Rose-Walters Collection
  • Tony Podesta's Secret Art Buying
  • Norman Rockwell's Not Gay. But Is He a Great Artist?
  • Roy Lichtenstein’s Top Ten Auction Prices
  • About Us/ Contact
  • Phillips Includes $2.5m Norman Rockwell Painting in November Evening Sale
  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor