Hammer Museum
From Wikipedia, the free encyclopedia
For The Hammer Museum in Haines, Alaska, see Hammer Museum (Haines, AK)
| Armand Hammer Museum of Art and Culture Center | |
 |
|
| Established | 1990 |
|---|---|
| Location | 10899 Wilshire Boulevard, Los Angeles, CA 90024 |
| Type | Art museum |
| Director | Ann Philbin |
| Website | http://www.hammer.ucla.edu/ |
The Armand Hammer Museum of Art and Culture Center or the Hammer Museum as it is more commonly known, is an art museum in Los Angeles, California, operated by UCLA.
Contents |
[edit] Overview
The Hammer contains a small collection of Impressionist and Post-Impressionist art. The museum holds over 7500 works by French satirist Honore Daumier, the largest collection outside of Paris. In recent years, the Hammer has become well known for its collection of contemporary art works on paper.
[edit] History
The museum was founded by Armand Hammer, the late CEO of the Occidental Petroleum Corporation as a venue to exhibit his extensive art collection. Mr. Hammer died 15 days after the museum opened to the public in November 1990. Mr. Hammer was a Los Angeles County Museum of Art board member for nearly 20 years, beginning in 1968, and during this time had pledged his extensive collection to the museum. To LACMA's surprise, Hammer instead founded his own museum, built adjacent to Occidental's headquarters and designed by architect Edward Larrabee Barnes.
The building was built for $60 million and the original endowment fund was $38 million. Hammer persuaded Occidental to fund the entire cost on the grounds that the museum would improve the company's prestige. Occidental shareholders sued for waste of corporate assets.[1]
[edit] Controversy
In 1994, the Hammer Museum made headlines by selling Leonardo Da Vinci's Codex Leicester to Microsoft founder Bill Gates for $30.8 million. The Codex Leicester was one of Mr. Hammer's proudest acquisitions, purchased in 1980 for $5.12 million, one which he unsuccessfully tried to rename the Codex Hammer.[1] Most museums have collection guidelines for deaccessing art, which require profits from sales to be used for future acquisitions. The Hammer Museum alternatively sold the 72 page scientific notebook to fund the museum's exhibitions and programs.
[edit] Management
In 1994, UCLA assumed management of the Hammer Museum, with the Armand Hammer Foundation retained some control, including a "reversionary clause" which gave the foundation rights to reclaim the art collection and some of the endowment funds. The museum had long desired to eliminate these clauses.
On January 19, 2007 the Hammer Museum and the Armand Hammer Foundation agreed to dissolve their relationship, dividing the remaining 195 objects which founded the museum; the foundation retaining 92 paintings valued at $55 million, while the museum retaining 103 objects, valued at $250 million.
[edit] External links
[edit] References
- ^ a b Hughes, Robert (January 28, 1991), “America's Vainest Museum”, Time Magazine, <http://www.time.com/time/magazine/article/0,9171,972206,00.html>
- Reynolds, Christopher (2007-01-15), “The Da Vinci codex versus the museum code”, Los Angeles Times
- Muchnic, Suzanne (2007-01-19), “Hammer divided yet strong”, Los Angeles Times
- Knight, Christopher (2007-01-22), “The Hammer cleanup”, Los Angeles Times
