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François Pinault Speeds Up Plans to Open Private Museum in Paris

François Pinault, owner of Christie’s, is working to open his private museum in Paris by the end of 2018, Doreen Carvajal of the New York Times reports. In the wake of recent terror attacks in the city, Pinault has turned to art for help. “In the face of this barbarism, the only possible reaction is to move forward,” Pinault said. “As André Malraux said, ‘Art is the shortest path from man to man.’ That is what prompted me to accelerate the completion of my project in Paris.”

The Paris City Council approved the transformation of La Bourse de Commerce into a museum for the more than 3,000 works that make up Pinault’s collection last month. Pinault has signed a fifty-year lease for the building and will provide the funds for the site’s $55 million renovation as well as the operating costs.

The businessman and megacollector, who has already opened two contemporary art spaces in Venice, the Palazzo Grassi and the Punta della Dogana, had originally tried to build a Parisian museum on an island in the Seine eleven years ago, but never realized the project.