‬The Cy Twombly foundation has paid $27.75  million for a 25-foot-wide Beaux Arts mansion near the Metropolitan Museum of Art, with plans to convert it into a museum dedicated to his work. Twombly was “a towering figure in American art. It is only fitting that there should be a permanent space in New York dedicated to his achievements,†says Nicola Del Roscio, foundation president.
Read the article via The Wall Street Journal