What’s Behind the Rise in Private Museums?

artnet News | Henri Neuendorf:

Why are so many collectors building museums these days? Private museums such as The Broad—which the billionaire collectors Eli and Edythe Broad built in downtown Los Angeles to the tune of $140 million—are radically changing the role of institutions in the art world. And while making private museums publicly accessible is nothing new—especially in the UnitedStates—the shift towards the privatization of culture across the globe certainly is something worth investigating… Read more

Image: Eli and Edythe Broad. Photo Ben Gibbs for the Eli and Edythe Broad Foundation