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Fisher Collection Settles In

February 5, 2010 by Marion Maneker

Kate Taylor covers in the WSJ yesterday’s announcement from SFMoMA that the museum has secured the money to build a home for the Fisher Collection and much more generous terms from the estate:

Thursday’s announcement revealed that the 25-year loan agreement had been stretched to 100 years, and was renewable after that. The $250 million in gifts did not have names attached, but the donors presumably include the Fisher family and the museum’s chairman, Charles Schwab, who had long sought to bring the Fisher collection to SFMoMA.Continue Reading

Uber-Collectors v. the Museums: I Own It; You Show It

January 18, 2010 by Marion Maneker

You Can Have Your Art & Lend It Too

NPR has this story by Kate Taylor on the shift in the strategies collectors are using to maintain their collections after they’re gone. Citing the Fishers unusual relationship with SFMoMA and Eli Broad’s plans to take on the insurance, conservation and ownership responsibilities for his foundation’s art with a $200 million endowment, NPR’s story gets at the heart of the way museums are adapting to the the rise of large private art collections:

“You want to show your own art, so what do you do?” asked late Gap founder and art collector Don Fisher in a 2007 online interview with The San Francisco Chronicle. “You gotta sell it, or you give it away and people leave it in the basement. I don’t want our art in the basement.” […] Just two days before Fisher died, the museum announced that he and his wife, Doris, had agreed to lend their collection for 25 years. The museum is going to build a new wing, with the Fisher family making a donation toward both the construction and the museum’s endowment. SFMoMA director Neal Benezra acknowledges that the arrangement is unusual, since the museum won’t own the art outright. […] “We will manage it, we will oversee it, we will conserve it, exhibit it, educate the public about it — in just the same way that we do our collection,” Benezra says.Continue Reading

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