
A multi-millionaire on a mission: David Walsh expands his Museum of Old and New Art in Tasmania
David Walsh, the multi-millionaire professional gambler behind Australia's largest privately owned museum, the Museum of Old and New Art (Mona) in Hobart, Tasmania, opens a new wing called Phrontisterion this weekend. Costing an estimated A$100m ($70m), it is the largest construction project in Mona's 15-year history, increasing display space from 8,440 sq. m to roughly 12,640 sq. m. The wing includes Walsh's 'dream library', new permanent installations by artists such as Anselm Kiefer, Julian Charrière, Matthew Barney, and Joshua Yeldham, as well as works by 17th-century cartographer Willem Blaeu. Notable additions include Charrière's Breathe, which lets visitors inhale oxygen from ancient iron ore, and Kiefer's inverted concrete pyramid Elektra (2025), reconstructed from his outdoor studio in France.


