LACMA to receive $500 million art donation, public funding for new building
By Vanessa Wilson and Stephanie Case, Posted 11/6/14
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The Los Angeles Country Museum of Art announced their biggest acquisition yet: the donation of Jerrold Perenchio’s private collection, valued at over $500 million dollars.
Perenchio’s generous gift follows the Los Angeles County Board of Supervisors' decision to invest $125 million of county money into LACMA’s latest building initiative: a new museum designed by Swiss architect Peter Zumthor.
ARN was there to speak with LACMA CEO and director Michael Govan and others these developments.
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