A recent article by the New York Times cites the newest trend among today’s ultra-rich art collectors is the founding of their own boutique museums to house their collection, tracing the trend back to François Pinault’s purchase of the Palazzo Grassi in Venice in 2006.  Other museums covered include Bernard Arnault’s Fondation Luis Vuitton, and Eli Broad’s Los Angeles museum currently under construction.Read more at New York Times

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