In latest many years, many rich collectors have opened their very own museums to show their art collections. Most of those are in Europe, notably Germany, though increasingly more are being opened in Asia.
The specialist knowledge firm Larry’s List examined these private establishments in a examine, in which it counted 446 worldwide. While the overwhelming majority of those art institutions have been based since 2000, the pandemic significantly slowed their growth.
As a end result, solely 21 private museums opened between 2020 and 2022.
Germany is the nation with the highest variety of venues opened by art collectors, simply forward of the United States.
The authors of the Larry’s List report see them as a resurgence of the “Wunderkammer” idea, the 18th-century cupboards of curiosities the place aristocrats and students exhibited uncommon objects introduced again from distant lands.
While Europe is dwelling to most of the world’s private museums, it is in Asia that they are increasing quickly.
South Korea is dwelling to no fewer than 50 such establishments, in contrast with 30 in mainland China. Three quarters of those art areas have been created in the final 20 years, together with the Yuz Museum in Shanghai, Art Retreat in Singapore, the Devi Art Foundation in Delhi and the SAN Museum in Oak Valley, South Korea.
Since 2016, the variety of private museums has elevated by 40% in China and by 12% in Korea.
Competing with public museums
Although the South Korean art market has but to rival that of North America, Seoul has grow to be a leading art hub due to its many public and private art institutions.
Larry’s List counts 17, making the South Korean capital the metropolis with the most private museums in the world, forward of Berlin (14) and Beijing (11). Only two American cities – New York and Miami – function in the record, in contrast with 4 Asian cities.
Private museums are more and more rivalling public art establishments when it comes to the variety of works of art of their collections, with 29% of them holding greater than 1,500 items.
The prize goes to Germany’s Wurth Museum, with over 18,000 objects in its possession, together with works by Georg Baselitz, David Hockney, Alex Katz and Fernando Botero.
This determine is all the extra spectacular contemplating that the James Turrell Museum in Argentina homes simply 9 artworks, two of which have been specifically commissioned for the establishment.
While these private museums are very talked-about on social networks, particularly Instagram, they nonetheless battle to draw as many guests as their public counterparts, though the Larry’s List report factors out that these venues do not typically talk their attendance figures.
According to the report, the most-visited private museums are The Broad in the USA, the Saatchi Gallery in Britain, Museum Voorlinden in the Netherlands, Museum Frieder Burda in Germany, Museum SAN in South Korea and the Zeitz Museum of Contemporary Art Africa in South Africa, all of which obtain greater than 100,000 guests a 12 months, it says.
All of which pales compared to the Louvre and its 7.8 million guests in 2022. – AFP
