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Tuesday, November 25, 2014

Neuberger's Pollock

News summary by MFWire's editors

Roy Neugberger, a founder of Neuberger Berman [profile], was one of the great art collectors in the asset management industry.

Neuberger acquired more than 1,000 works of art before his death in 2010, and he donated more than 900 of them to create the State University of New York's Neuberger Museum of Art. Through March 15 the museum's Stairway Gallery is showing "When Modern Was Contemporary: The Roy R. Neuberger Collection", and over the weekend Susan Hodara of the New York Times reported on the exhibit.

In the process, Hodara gives a glimpse into Neuberger's history of buying art. One anecdote explains how Neuberger acquired "Number 8, 1949" that year when a gallery owner told Neuberger that Pollock couldn't pay his bills. Fundsters who want to know more about Neuberger's artistic tastes and more should read the full piece or check out the show itself at the museum in Purchase, New York, which features, among other things, a notebook open to the entry on the Pollock, for which Neuberger paid $800 in 1949. 

Edited by: Neil Anderson, Managing Editor

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