Saturday, 30 August 2014
Last updated 1 day ago
Jan 16 2014 | 11:40am ET
A private-equity manager has donated some $100 million worth of Impressionist masterpieces to the Denver Art Museum.
The gift from the Hamilton Cos.'s Frederic Hamilton gives the museum its first canvas by Vincent van Gogh, as well as pieces by Paul Cézanne, Gustave Caillebotte, Edouard Manet, Claude Monet, Camille Pissarro and Pierre-August Renoir. The donation may be the largest in the DAM's history.
"This is a game-changing gift," museum director Christoph Heinrich said. "We will have the biggest collection in the west of Impressionist art."
"Frankly, our museum is derelict in one significant area, and that is Impressionism," Hamilton, who made his fortune in oil and gas, said. "I think this will be a big deal for the people of Colorado."
The 22 pieces are currently on loan to the DAM and will remain on display until Feb. 9. The museum will not take permanent possession of them until the 85-year-old Hamilton's death.
Hamilton said he agreed to donate the paintings after a sustained lobbying campaign by Heinrich. He said his family eventually agreed to the gift.
Hamilton has long been one of the DAM's biggest benefactors, serving as its chairman and giving millions to the museum.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...