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Friday 22 August 2014

Museum gets billion-dollar artworks

Published 10/04/2013 | 10:16

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The Metropolitan Museum of Art in New York has been given a billion-dollar collection (AP)

A billion-dollar Cubist collection has been given to New York 's Metropolitan Museum of Art.

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Cosmetics executive and philanthropist Leonard Lauder has pledged his renowned collection of works.

The collection of 78 pieces includes Pablo Picasso, Georges Braque, Juan Gris and Fernand Leger and is considered one of the finest Cubism collections in the world. It is valued at more than a billion dollars.

Museum Director Thomas Campbell said the gift was "truly transformational" and will fill in a critical area in the museum's collection.

The Lauder collection is expected to be presented in an exhibition opening next year.

The museum says a new research centre for modern art will be created at the museum.

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