Art Institute of Chicago receives $400M collection, largest gift in its history

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

CHICAGO (AP) — The Art Institute of Chicago is receiving a major gift of contemporary art, including works by Andy Warhol, Roy Lichtenstein, Jasper Johns and Jeff Koons.

The museum said Wednesday that it is receiving 42 pieces from Chicago-based philanthropists Stefan T. Edlis and Gael Neeson. The institution called it the largest gift of art in its 136-year history.

The Chicago Tribune reports the collection has an estimated value of $400 million.

Edlis says he chose the Art Institute because the museum “proposed keeping the works on permanent view for 50 years.”

Art Institute officials said all 42 pieces will be installed in early 2016 in the contemporary galleries in the museum’s Modern Wing. Highlights of the donation include two Warhol self-portraits and Warhol works depicting Jacqueline Kennedy Onassis and Elizabeth Taylor.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s