The private collector and billionaire Nicolas Berggruen, son of the late German-Jewish art dealer and philanthropist Heinz Berggruen, is set to follow in the footsteps of the collector Eli Broad by sending several works on long-term loans to the Los Angeles County Museum of Art (Lacma), where Berggruen is a trustee. “I’m building up a collection for Lacma,” he says, “focusing on German artists such as Thomas Schütte, Martin Kippenberger, Gerhard Richter and Joseph Beuys.” Works by West Coast artists such as John Baldessari, Ed Ruscha, Charles Ray, Paul McCarthy, Bruce Nauman and Mike Kelley from Berggruen’s collection are also due to end up at the museum. “Los Angeles is still a developing cultural centre and that’s why one can make a difference there,” he says. His father, Heinz Berggruen, sold his collection of modern masterpieces for $120m—one-tenth of its value—to Berlin in 2000. There is now a museum in the city to house these holdings.
The Art Newspaper