François Pinault, billionaire founder of Kering, the company that owns Gucci and a host of other luxury brands, plans to open a museum in the Bourse du Commerce in central Paris, France to showcase his vast art collection.
The 18th century building that will be home to Pinault’s first Parisian museum is located just around the corner from the Louvre.
Once used for commodities trading, it has been leased by the city of Paris to Pinault’s foundation for the next 50 years.
The building will be restored by famed Japanese architect Tadao Ando.
Pinault described the project as “a dream come true” at an April 27, 2016 news conference with Paris Mayor Anne Hidalgo.
The museum’s opening is scheduled for late 2018.
Photo credit: Wikipedia Commons