Monday, December 2, 2013

Art Repays Wealth

Jorge Perez, a billionaire real estate developer, was recently given the honor of having a Miami art museum named after him. The worth value of the museum's structure is about $220 million. In 2011, Perez donated $40 million to the same art museum. Half of the trove was some of his own personal art collections and the other half was roughly $20 million. In showing their appreciation, the art museum agreed to have Jorge Perez be named after the facility. The museum will open to the public this month during the Art Basel Miami Beach Festival. Seeing the portraits that were once held on his home walls, but now encountering them in the newly refurbished art museum will be a surreal experience for Perez.

http://www.forbes.com/sites/morganbrennan/2013/11/26/inside-the-new-220-million-art-museum-named-after-billionaire-jorge-perez/

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