Art Market Monitor

Global Coverage ~ Unique Analysis

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

Has Govan Got the Money?

January 18, 2017 by Marion Maneker

The New York Times profiles Michael Govan and LACMA’s transformational expansion project. The profile has the usual take on Govan’s personality but focuses on the question of whether he can raise the money necessary to build a new museum.

Adam Nagourney goes out of his way to point out that David Geffen has not pledged. Though Govan says he has $300m committed and is aiming to land another $150m this year:

“I can’t say it strongly enough: It’s not a question of whether there’s money in L.A for such a project: There is,” Mr. Govan said, sitting in his expansive ground-floor office with a view of Wilshire Boulevard, where workers were cutting down palm trees to make way for the subway line. “The question is, will people decide that’s what they want to do with it.”

“If they do this” — at this, Mr. Govan paused to amend his remarks – “when they do this, not if — it will be a new high-water mark for collective action, for achievement in the cultural space and in the philanthropic space of Los Angeles. It is not a large goal. We’re going to do it. They are going to write the checks. And they are going to be happy to do it.”

Is This L.A.’s $600 Million Man?  (The New York Times)

More from Art Market Monitor

  • LACMA Rides New Wing to Attendance JumpLACMA Rides New Wing to Attendance Jump
  • LA's Collector's ClubLA's Collector's Club
  • LACMA's History of TasteLACMA's History of Taste
  • Christie’s Opens in Beverly Hills: “Our Moment to Shine in LA”Christie’s Opens in Beverly Hills: “Our Moment to Shine in LA”
  • LAMA Features Sam Francis, Keith Haring and Ruscha Estate Finds in March SaleLAMA Features Sam Francis, Keith Haring and Ruscha Estate Finds in March Sale
  • Murakami Brought Marciano Back to CollectingMurakami Brought Marciano Back to Collecting

Filed Under: General, Museums Tagged With: LACMA, Los Angeles, Michael Govan

About Marion Maneker

LiveArt

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

  • 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