The $570 million art collection of Francesco Federico Cerruti will go to Turin’s Castello di Rivoli Museum of Contemporary Art.
(via artnet News)
The collection belonged to a bookbinder’s son who “made his fortune by growing his family’s business into Italy’s first automated bindery,” artnet reported. Cerruti passed away in 2015, leaving the collection to a foundation along with instructions to permanently lend it to the nearest museum, the Castello di Rivoli. The collection includes works by Francis Bacon, Pablo Picasso, Wassily Kandinsky, Amedeo Modigliani, Pierre-Auguste Renoir, René Magritte, and Andy Warhol, among others, but extends back to the Middle Ages and also includes “various furnishings and rare and ancient books.” While encyclopedic museums have been adding contemporary work to their historic collections, integrating the wide-ranging Cerruti collection into the holdings of the Turin contemporary art museum will be the first time a contemporary institution expands its collection into the past, according to the museum’s director, Carolyn Christov-Bakargiev.