Samsung Chairman Leaves $2.2bn Collection to Korean Museums
April 29 2021
Picture: The Art Newspaper
Posted by Adam Busiakiewicz:
The Art Newspaper has reported on news that the late former chairman of Samsung Lee Kun-hee has left $2.2bn worth of art to Korean Museums. Amongst the most celebrated works in his collection are Le Bassin aux Nympheas by Claude Monet (pictured), Les Amoureux aux Bouquets Rouges by Marc Chagall, and Family of Marsupial Centaurs by Salvador Dalí, which will be donated to Korea's National Museum of Modern and Contemporary Art. The deal was part of a plan to settle his inheritance tax bill which was “equivalent to three to four times the [South Korean] government’s total estate tax revenue last year.”
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