Behind every billionaire there is a story!

Broad Museum Set to Open in Los Angeles Without Much Broad Art

The Louvre has its “Mona Lisa,” the Museum of Modern Art its Picassos. What does the Los Angeles County Museum of Art have?

A new house for works that don’t belong to it.

One month before the Feb. 16 opening of Lacma’s new $56 million, Renzo Piano-designed Broad Contemporary Art Museum (BCAM), its benefactor, the billionaire Eli Broad, publicly declared that he wouldn’t make the building bearing his name the permanent home of his collection.

“Do we even use the word permanent in our world anymore?” countered Lacma’s director, Michael Govan, blindsided by the timing, if not the substance, of the announcement. Broad’s statement contradicted earlier ones in which he said he expected to disperse the 2,000 items that he and his wife, Edythe, have amassed among several institutions, starting with Lacma.

read the rest published by Bloomberg here:

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=abnqOF6hxxZw