As the museum plans to reopen, the Guggenheim Museum has laid off 24 employees, with an additional 8 taking separation agreements. “The impact of the Covid-19 pandemic on the Guggenheim has been devastating to our finances,” said museum’s director, Richard Armstrong in a letter to employees. “I am deeply saddened to say that the museum will not have the ability to support our previous number of staff members.”
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Collector’s Birthdate: b. 1975
Frahm, born to Danish entrepreneur Flemming Frahm, began collecting art through his family’s foundation in Copenhagen. He has since moved to London, where he has taken on a roster of high profile clients and aided such well known collectors as Frank Cohen.
He is equally known as an aggressive art speculator, making ARTNew’s 2006 list among the 6 best contemporary art advisors in the world. The same year, L.A.’s The Gallery at the Hospital hosted an exhibition of young local artists, using pieces from his private collection exclusively. Often, he has been likened to as a “young Charles Saatchi.”