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François Pinault Collection Museum to Open in Paris in January

François Pinault Collection Museum to Open in Paris in January

The opening of the Bourse de Commerce—Pinault Collection is highly anticipated, partly because its programming is largely unknown. François Pinault, the CEO and president of luxury goods group Kering (whose brands include Gucci, Saint-Laurent, and Ulysse Nardin and its parent company Artemis), is a blue-chip collector with two other museums under his belt, the Palazzo Grassi and the Punta della Dogana, both in Venice and both by architect Ando. His art collection includes at least 5,000 works by modern and contemporary artists like Louise Bourgeois, Jeff Koons, and Cindy Sherman. “I am delighted with the upcoming opening of the Bourse de Commerce,” says Pinault in a statement. “Not only will it add to the European landscape of institutions devoted to presenting contemporary art, but after the difficult year experienced by France and the world in 2020, it will contribute to the renaissance of the Parisian cultural sphere.”

The museum was once the location of Paris’s former stock exchange building. Photo: Patrick Tourneboeuf

Located in the very heart of Paris, the Bourse de Commerce is the new exhibition space for the Pinault Collection. In 2017, Pinault announced that he had purchased Paris’s former stock exchange “Bourse de Commerce”, to 500metre north of the Louvre Museum, to transform into a museum.

In june 2017, japanese architect Tadao Ando presented renovation project to transform the 18th-century stock exchange building. Ando designed a central cylinder  inserted into the existing structure, forming a new exhibition space, and located under the painted dome of the Bourse de Commerce.

New images document the construction process, and the museum was expected to open in the fall of this year.

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Bourse de Commerce—Pinault Collection by Maxime Tétard.

The mayor of Paris, Anne Hidalgo, joined Pinault along with his son François-Henri Pinault, CEO of the Kering group, and the architect Tadao Ando for a conference onsite at the Bourse de Commerce to reveal their ambitious plans for the landmark building. Originally home to the stock exchange, this neoclassical building-in-the-round is located in a recess between numbers 40 and 42 Rue du Louvre, on the western end of the garden at Les Halles, aka “the belly of Paris.” Most recently it was the seat of the regional chamber of commerce, and as such, played host to a variety of trade shows, conferences, and other one-off events. In its new incarnation, and after an approximately €108 million renovation, the Pinault Collection will hold a 50-year lease; the city of Paris will receive $7 million per year, plus royalties.

François-Henri Pinault added that the choice of a location, near the Pompidou Center, the Louvre, and the Musée d’Orsay, was very symbolic: “Original architecture has always blended tradition and creation, and we are very sensitive to this,” he said, noting the family’s wish to show art in movement and share it with the greatest number. Quoting Seneca, he noted that happiness lies in sharing: “We will not only be in the heart of Paris, but also in the heart of everyone who visits.”

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