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New York’s Neue Galerie to Merge with Metropolitan Museum of Art in Major Expansion

The Neue Galerie, a private museum on New York's Upper East Side founded by collector Ronald S. Lauder, will merge with the Metropolitan Museum of Art in 2028. The institution will be renamed the Met Ronald S. Lauder Neue Galerie, or Met Neue for short. Lauder and his daughter Aerin Lauder Zinterhofer will contribute funds toward a $200 million endowment, along with 13 works from their collection, including a prized Gustav Klimt and paintings by German Expressionists. The Met plans to exhibit some holdings at its Fifth Avenue base, but Klimt's "Portrait of Adele Bloch-Bauer I" will remain at the townhouse.

Frieze New York Diary: a charity sale and rogue underwear

Frieze New York is underway, with notable highlights including a provocative marble sculpture of underwear by Reza Aramesh at the Iranian gallery Dastan, representing the last garment removed before imprisonment. Meanwhile, collectors Susan and Michael Hort are hosting a charity sale at their Tribeca townhouse benefiting the Rema Hort Mann Fund, featuring a popular "Buy What You Love" section where $150 works on paper are sold anonymously. Actor Lucy Liu is also making waves with a new exhibition titled "Hard Feelings" at Alisan Fine Arts on the Upper East Side, showcasing deeply personal paintings about memory and family.

Lauder heir hands gallery and $135mn Klimt to New York’s Metropolitan Museum

The Metropolitan Museum of Art in New York has received a major donation from the Lauder family: a historic townhouse gallery on the Upper East Side and Gustav Klimt's 1907 portrait "Adele Bloch-Bauer II," valued at $135 million. The gift comes from the estate of Estée Lauder heir Ronald S. Lauder, a longtime museum trustee and collector, and includes the former Neue Galerie building at 1048 Fifth Avenue, which will be renovated to expand the Met's modern and contemporary art exhibition space.