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April 10, 2013

Wednesday, April 10, 2013 - , No comments

New Yorker Leonard A. Lauder Donates $1 Billion Cubist Art Collection to The Metropolitan Museum

Picasso's "Woman in an Armchair"
owned by Leonard Lauder
 is one of 78 works donated to the Met
Today The Met approved a gift of 78 Cubist works from philanthropist and cosmetics heir Leonard A. Lauder, according to The New York Times ("A Billion Dollar Gift Gives the Met a New Perspective").

Forty years ago, Leonard -- the older brother of Neue Galerie's founder Ronald S. Lauder -- began collecting paintings, drawings, and sculptures by Cubist artists. NYT article describes the donation to the Met: 
The trove of signature works, which includes 33 Picassos, 17 Braques, 14 L├ęgers and 14 works by Gris, is valued at more than $1 billion. It puts Mr. Lauder, who for years has been one of the city’s most influential art patrons, in a class with cornerstone contributors to the museum like Michael C. Rockefeller, Walter Annenberg, Henry Osborne Havemeyer Robert Lehman.
In September 2007, a Montreal man, Georges Jorisch, claimed Leonard Lauder owned a Klimt painting, "Blossoming Meadows", Nazis had stolen in Vienna from his grandmother, Amalie Redlich. Lauder disputed the painting's history and within three months the lawsuit was dropped. [In November 2011, Jorisch sold a recovered Klimt painting, Litzlberg on the Attersee, at Sotheby's for $40 million.]