Thursday 29 September 2016

French billionaire to create new art museum in Paris

Published 27/04/2016 | 17:56

The museum will open by the end of 2018 in the former Bourse du Commerce close to the Louvre
The museum will open by the end of 2018 in the former Bourse du Commerce close to the Louvre

A French billionaire and art collector has announced the creation of a new contemporary art museum in central Paris.

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Francois Pinault described the project as "a dream come true" in a news conference with Paris mayor Anne Hidalgo.

The museum will open by the end of 2018 in the former Bourse du Commerce close to the Louvre museum and the newly-renovated Les Halles shopping complex.

The elegant circular building from the 18th century, crowned by a dome, will be restored by renowned Japanese architect Tadao Ando.

Mr Pinault, who made his fortune in the luxury goods industry, opened a museum in Venice's Palazzo Grassi a decade ago.

He owns one of the world's largest private collections of contemporary art.

Press Association

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