Sotheby’s to Offer Works from the Collection of Broadcasting Pioneer and Former MoMA Chairman  | NFT CULTURE | Web3 Culture NFTs & Crypto Art



The foundation that represents Former MoMA Chairman William S. Paley- Major works by Francis Bacon, Pablo Picasso and Pierre-Auguste Renoir To Be Offered By The William S. Paley Foundation With Proceeds Benefiting Key Charitable Organizations, Including  A New Endowment for The Museum of Modern Art Focused on Advances in Media and Technology, as well as Acquisitions 

Francis Bacon, Three Studies for Portrait of Henrietta Moraes, 1963  

The name William S. Paley (1901-1990) will be forever intertwined with that of two of the great institutions  born in the 20th century: Columbia Broadcasting System, Inc (CBS), which he transformed from a small  radio network in the 1920s to a giant of American broadcasting, and MoMA – the first museum dedicated  to Modern Art (founded in 1929) which he championed for half a century. In these dual roles, he was at  the forefront of shaping American culture and taste – firstly behind the lens of CBS at a time when television  emerged as the greatest new instrument of influence on the nation, and later at The Museum of Modern  Art, Paley was the looking glass through which America saw itself at every momentous turn. 

At the time Paley began collecting, an appreciation for modern art was a relatively rare, radical and forward thinking thing. In the 1930s, few collectors had the courage and vision to collect the canvases of artists such  as Picasso, Renoir and Matisse. Just as Paley had done on the frontier of broadcasting -when he had written  the rules and broken the rules – the painters in his collection pioneered new modes of expression. Paley’s  intuitive appreciation for early 20th-century works quickly established him as one of the foremost collectors  of Modern Art in America, his instinctive and discerning eye informing the creation of a uniquely  distinguished collection. At the same time, he also was an active force in advising and inspiring MoMA’s  collection-building over five decades and donating to the museum a number of the greatest works in its

William S. Paley, President of Columbia Broadcasting System, at his  desk delivering his annual national report, 1938. Image courtesy of  Temple University Libraries, Special Collections Research Center

collection, including Picasso’s Boy Leading a Horse (1905-06) and The Architect’s Table (1912),  Cézanne’s L’Estaque (1882-83), and Redon’s Vase of  Flowers (c. 1912-14).  

This fall, some 29 works acquired by William S. Paley  over the course of his 40-year collecting career will  come to auction for the first time in at least half a  century. Consigned by the William S. Paley  Foundation, their sale will support a number of  charitable organizations close to William S. Paley’s  heart, including The Paley Museum, the Greenpark  Foundation (which owns and operates Paley Park)  and, not least, a new endowment at The Museum of  Modern Art, established by the Paley Foundation to  support MoMA’s ambitious goals in digital media and  technology and to provide for new acquisitions.  

First in the sequence of offerings is an extraordinary work by Francis Bacon, arguably the finest of the  artist’s small-format triptychs, set to lead the Frieze Week auctions in London this October. The work will  be on public view in New York from 24 – 28 September, and in London from 8 – 13 October. This will be  followed in November with a further offering across Sotheby’s Marquee sales in New York, encompassing  some of the most radical breakthroughs in modern painting, from synthetic cubism to color field painting  and crowned by one of the most important Cubist works by Picasso to appear on the market. Highlights  from the collection will be exhibited in Hong Kong, London, Los Angeles and New York this fall.  

“I remember how my father loved the great artworks he collected, and which were an important part of  my own experience growing up. It’s deeply satisfying that the Foundation is able to use this group of works  from his collection to further support MoMA, to which he was so dedicated.” – William C. Paley, Vice President of the William S. Paley Foundation

“It is a testament to the visionary philanthropy of William S. Paley that the bequest he made through his  Foundation anticipated that, over time, the needs of the Museum would evolve in ways that could not  have been foreseen or even imagined thirty years ago. We are deeply grateful to the Foundation for its  support of the Museum and its commitment to Mr. Paley’s vision.” –Glenn D. Lowry, the David Rockefeller Director of The Museum of Modern Art  

“I know how deeply my friend Bill Paley cared about The Museum of Modern Art and with what devotion  he dedicated himself to its advancement. With this initiative, the Foundation will honor his intention and  continue his vision for MoMA.” – Henry Kissinger, Chairman of the William S. Paley Foundation  

While many collectors shape their collections around that of the great museums, William S. Paley forged  his own path, assisting MoMA in assembling its great collection and thereby influencing the appreciation  of modern art across America. It is an absolute privilege to be working with them and with the Paley  Foundation to help realize their fittingly ambitious goals. William S. Paley’s visionary collecting and  unflagging ambition helped make MoMA what it is today – a catalyst for experimentation, learning, and  creativity, a gathering place for all, and a home for artists and their ideas. We are thrilled to be associated  with this exciting next step in its evolution.” – Brooke Lampley, Chairman and Worldwide Head of Sales, Fine Art Division, Sotheby’s  

“The collection of William S. Paley is among the greatest historic American collections: in his collecting,  and in his contributions to MoMA, Paley helped to redefine the face of Modern Art. That a single collector  could have the daring to acquire the very best examples of such profoundly radical artists from Picasso to  

Bacon speaks to Paley’s visionary taste and relentless pursuit of the avant-garde. Paley’s acquisitions in  the 1960s capture the groundbreaking artistic spirit of the post-war era – from Francis Bacon’s astonishing  “Three Studies for Portrait of Henrietta Moraes”, which marks one of the greatest triumphs of the artist’s  career, to canonical examples of post-war American color field painting by Morris Louis, Kenneth Noland,  and Josef Albers.” –David Galperin, Sotheby’s Head of Contemporary Art, Americas  

“Art’s unique power to communicate underpinned William S. Paley’s passion for collecting. He created an  extraordinary private world, with works intimate in both format and character, scaled for personal  enjoyment and contemplation. These consummate examples by pioneers of Modernism, from Renoir to  Bonnard to Picasso, reflect the bold innovative thinking that always characterized Paley’s  ambitions. Acquired between the 1930s and 1960s, his treasures are now to be offered on the market for  the first time in over half a century.” –Simon Shaw, Vice Chairman, Global Fine Arts, Sotheby’s  

About William S. Paley and the William S. Paley Foundation 

  

William S. Paley, founder of CBS, established the William S. Paley Foundation in 1936, the year before he  joined the Board of Trustees of the still-young Museum of Modern Art at the invitation of Nelson  Rockefeller. Organized as a not-for-profit corporation under the laws of the State of New York, the  Foundation makes charitable contributions to non-profit organizations from funds received from Mr. Paley,  his estate, and earnings on the Foundation’s investments. Principal beneficiaries of the Foundation’s  contributions are The Museum of Modern Art, the Paley Museum (which Mr. Paley founded in 1975 as the  Museum of Broadcasting), and Paley Park on East 53rd Street, which Mr. Paley established in 1967 for the  public to enjoy as a memorial to his father, Samuel Paley. 

  Sale Calendar  

Modern & Contemporary Evening Auction, London, 14 October 2022 (1 work) 

Modern Evening Auction, New York, 14 November 2022 (7 works) 

Modern Day Auction, New York, 15 November 2022 (13 works) 

Contemporary Evening Auction, New York, 16 November 2022 (3 works) 

Contemporary Day Auction, New York 17 November 2022 (4 works) 

Prints, New York April, 2023 (1 work) 

About Sotheby’s 

Established in 1744, Sotheby’s is the world’s premier destination for art and luxury. Sotheby’s promotes access to and ownership  of exceptional art and luxury objects through auctions and buy-now channels including private sales, e-commerce and retail. Our trusted global marketplace is supported by an industry-leading technology platform and a network of specialists spanning 40  countries and 70 categories which include Contemporary Art, Modern and Impressionist Art, Old Masters, Chinese Works of Art,  Jewelry, Watches, Wine and Spirits, and Design, as well as collectible cars and real estate. Sotheby’s believes in the transformative  power of art and culture and is committed to making our industries more inclusive, sustainable and collaborative.  

 



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