The Man Who Owned 181 Renoirs
Of all the ways that today’s plutocrats spend their billions, founding an art museum is one of the more benign, somewhere behind eradicating malaria but ahead of eradicating democracy. The art in these museums is almost always contemporary, reflecting the dearth of available old masters along with a global chattering-classes consensus that avant-garde art is socially, intellectually, and culturally important.