A piece in Art News notes the increased pace of acquisition of artists and artists’ estates by Hauser & Wirth of late, and looks at the sizes and purported earnings of each of the mega-galleries. “Gagosian was reputed to gross the most: roughly $1 billion a year,” says writer Michael Shnayerson. “The others were said to be closer to $250 million each, but claimed to do better.”
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Collector’s Birthdate: NAPaz, a Brazilian entrepreneur, is a leading Latin American collector. He is the creator of the Contemporary Art Center inhotim (CACI), a constantly evolving garden and art space located in his native Minas Gerais.
In 2004, he unveiled his “dream,” which incorporated a 300,000 square foot installation that contained his large country home, multiple gardens and 7 galleries. The collection features more than 450 Brazilian artists as well as artists from other nations.
He is a relatively new collector, having bought his first piece of Contemporary Art, a work by the Brazilian Tunga, in 1998. Many of the pieces in his collection, like Cildo Meireles’ “Inmensa” and Tunga’s “True Rouge” are exceptionally large and require considerable exhibition space.
On what intrigues him:
“I am specifically interested in artists who have ideas that go beyond what a usual private or institutional collection can contain.”
Lindemann, Adam. Collecting Contemporary: Los Angeles, Taschen GmbH 2006.