The Art Institute of Chicago has received a major donation of contemporary works this week, totaling 42 works valued at over $400 million, including iconic pieces from Andy Warhol, including an Elizabeth Taylor portrait and Mona Lisa Four Times, as well as several “Film Stills” from Cindy Sherman.  “It’s a powerful statement to have a collection of this international stature staying here in Chicago,” says Robert Levy, chairman of the Art Institute’s board. “It’s unbelievably exciting for the Art Institute, for the City of Chicago, for the entire art community of Chicago. It’s all good.” (more…)

Hedge Fund CEO Ken Griffin has gifted $10 million to the Museum of Contemporary Art Chicago, a donation that will help construct the museum’s new gallery wing which will now bear his name.  “Ken has been a consistent and generous supporter of the arts in our community,” says Director Madeleine Grynsztejn.  “We are extremely grateful for this important gift, as it will support our Vision Campaign and bring exciting, innovative exhibitions to diverse audiences in Chicago and beyond.” (more…)