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    “In a major coup, scrappy and nearly bankrupt Los Angeles has emerged as a third contender—joining Beverly Hills and Santa Monica—for Eli Broad’s planned art museum. Today the Los Angeles Grand Avenue Authority authorized discussions on the possibility of leasing a plot of land—a site right next to the Redcat Gallery on lower Grand Ave—to the philanthropist for the art museum. “This is a great opportunity for the city,” said City Councilwoman Jan Perry, who sits on the Grand Avenue Authority board, in a statement. “A world class city like Los Angeles is the perfect location for a museum of this caliber. I look forward to working with The Broad Foundation in exploring this project and hope that they will seriously consider downtown as they move forward.”

    — Oh Eli…getting everyone’s hopes up.



    Tags: Eli BroadLos AngelesMuseum

    January 25, 2010, 3:09pm  

    Museum of Contemporary Art in Los Angeles Relaunches After Recession-Era Rescue LOS ANGELES, CA (REUTERS).- Brought back from the brink of financial ruin by a philanthropist’s $30 million gift, the Museum of Contemporary Art in Los Angeles celebrates its turnaround this weekend with the most ambitious exhibition of its own iconic collection. More than 500 works by the likes of Piet Mondrian, Mark Rothko, Jackson Pollock, Jeff Koons and Jean-Michel Basquiat have been selected from MOCA’s 6,000 works, considered one of the world’s top collections of post-World War II art. “MOCA’s First Thirty Years” marks the museum’s 30th anniversary — a milestone that might not have happened had Eli Broad not come to the rescue. Many U.S. museums have fallen on tough times in the worst economic downturn in decades, some forced to sell works to survive. “We were among the first institutions to be hit very hard and very early and we are among the first to be saved in this process,” said MOCA chief curator Paul Schimmel. Broad, a renowned modern art collector and philanthropist who created KB Home homebuilders, offered $30 million to get MOCA out of financial straits if others came forward. In just 10 months, an additional $30 million was raised. “This is the biggest turnaround of any art institution, whether it is performing arts or the visual arts, if you think of all that has happened in the last year,” Broad said Thursday as he admired a 1939 Mondrian, MOCA’s earliest work. read more here… Here we see Paul Schimmel (love!) and Eli Broad ($$) in the last room of the new exhibition at the downtown location of MOCA standing in front of some very nice Ed Moses paintings, probably talking about what a smashing success they need this exhibition going to be. I hope it is, and I hope that other museums and institutions take a cue from MOCA and do more exhibitions highlighting the permanent collections.  Visiting shows are nice, and can definitely be exciting and a treat, but it is very reassuring and comforting (and pride-inducing) to know that pieces like these reside in your home town, permanently, because an institution you support felt that it was important to acquire said pieces.

    Museum of Contemporary Art in Los Angeles Relaunches After Recession-Era Rescue

    LOS ANGELES, CA (REUTERS).- Brought back from the brink of financial ruin by a philanthropist’s $30 million gift, the Museum of Contemporary Art in Los Angeles celebrates its turnaround this weekend with the most ambitious exhibition of its own iconic collection.

    More than 500 works by the likes of Piet Mondrian, Mark Rothko, Jackson Pollock, Jeff Koons and Jean-Michel Basquiat have been selected from MOCA’s 6,000 works, considered one of the world’s top collections of post-World War II art.

    “MOCA’s First Thirty Years” marks the museum’s 30th anniversary — a milestone that might not have happened had Eli Broad not come to the rescue.

    Many U.S. museums have fallen on tough times in the worst economic downturn in decades, some forced to sell works to survive.

    “We were among the first institutions to be hit very hard and very early and we are among the first to be saved in this process,” said MOCA chief curator Paul Schimmel.

    Broad, a renowned modern art collector and philanthropist who created KB Home homebuilders, offered $30 million to get MOCA out of financial straits if others came forward. In just 10 months, an additional $30 million was raised.

    “This is the biggest turnaround of any art institution, whether it is performing arts or the visual arts, if you think of all that has happened in the last year,” Broad said Thursday as he admired a 1939 Mondrian, MOCA’s earliest work. read more here…

    Here we see Paul Schimmel (love!) and Eli Broad ($$) in the last room of the new exhibition at the downtown location of MOCA standing in front of some very nice Ed Moses paintings, probably talking about what a smashing success they need this exhibition going to be.

    I hope it is, and I hope that other museums and institutions take a cue from MOCA and do more exhibitions highlighting the permanent collections.  Visiting shows are nice, and can definitely be exciting and a treat, but it is very reassuring and comforting (and pride-inducing) to know that pieces like these reside in your home town, permanently, because an institution you support felt that it was important to acquire said pieces.



    Tags: MOCAEli BroadRecessionEconomyExhibitionLos Angeles

    November 16, 2009, 3:49pm  

    » Is Broad bailing?

    BUM BUM BUUUUUUUUUUUUMMMMMMMMMMMMMM………..

    Actually, I really don’t want him to bail on his potential new museum, I would like to see his collection all the time if I could.



    Tags: Eli BroadMuseumLos AngelesPrivate collection

    November 09, 2009, 3:41pm  

    » Eli Broad on new museum: 'Our first choice is the Beverly Hills site'

    Rumors have been circulating over the last several days about the fate of Eli Broad’s planned Beverly Hills museum. The Architect’s Newspaper reported last week that the museum is “looking all but dead” and that Broad is searching for another location.

    Broad has been conspicuously silent about the matter — until now. The billionaire philanthropist recently spoke with The Times’ Cara Mia DiMassa about his plans for downtown, but during the conversation, he also shed some light on the museum project.

    “The City of Beverly Hills wants to do this. We want to do it,” he said. “But there are a lot of complications that include creating adequate parking. It’s a work in progress.”
    Let’s be honest Eli, you will never find adequate parking in Beverly Hills.  Excuses, excuses. 



    Tags: Eli BroadMuseumBeverly HillsArtContemporaryPersonaly Collections

    August 14, 2009, 11:28am  

    Eli Broad to MOCA’s rescue and stuff by using the unpredictable CHARM OFFENSIVE!!!! Eli Broad, the billionaire Los Angeles philanthropist and property magnate, launched a charm offensive to save the Los Angeles Museum of Contemporary Art (LA Moca) at Art Basel this week, following a high-level awareness-raising event at the Venice Biennale last week. via… This is not new news, Broad has been on the record about helping out MOCA for quite a bit, but this new charm offensive tactic is brilliant. No one will see it coming, probably because no one knows what it is or if it even exists as a true tactical strategy.

    Eli Broad to MOCA’s rescue and stuff by using the unpredictable CHARM OFFENSIVE!!!!

    Eli Broad, the billionaire Los Angeles philanthropist and property magnate, launched a charm offensive to save the Los Angeles Museum of Contemporary Art (LA Moca) at Art Basel this week, following a high-level awareness-raising event at the Venice Biennale last week. via…

    This is not new news, Broad has been on the record about helping out MOCA for quite a bit, but this new charm offensive tactic is brilliant. No one will see it coming, probably because no one knows what it is or if it even exists as a true tactical strategy.



    Tags: Eli BroadMOCAArtMuseumEconomy

    June 11, 2009, 3:07pm  

    » LACMA proposing to take over MOCA...

    Proposals are on the table, MOCA trustees are wary of BROAD, and Michael Govan is seeming a little greedy this holiday season.  I agree with Tyler Green, that this is sloppy, a travestee and the MOCA board is the worst museum board acting right now and the fact that not even one person in Los Angeles is stepping up to try and SOLVE this clusterfuck (excuse my french) is absolutely absurd to me.  We may not be the biggest players here, but if I had some money, like I know many people in this town do, and wanted to get in, this is the chance.  Step up, write a check, get on the board and get your friends to donate.  Someone throw a lavish, last minute silent auction/$10,000 a plate dinner for MOCA, people will come because everyone knows that if there is one thing people in LA love…it’s to have their pictures taken at events.

    UPDATE: Christopher Knight (LA Times) trying to reason with MOCA Board “Better to go with the devil you know then the devil you don’t”.  I couldn’t agree more.  I hope someone on the board pays attention to this and starts taking some sort of action.



    Tags: LACMAMOCABoard of trusteesFailurefinancialmichael govaneli broad

    December 17, 2008, 8:30am  

    » Guess who wants to save MOCA now?

    Seriously, just guess…just one guess.  You are right, it IS Eli Broad.  I mean, I know it’s obvious, this is his year.  He’s throwing his money around art instutions in ‘08 like it’s going out of style.  Though, in classic Broad style, it comes with a catch:

    Eli Broad, the billionaire philanthropist who is one of this city’s biggest arts patrons, has offered $30 million to help rescue the financially beleaguered Museum of Contemporary Art if the museum’s trustees and other patrons also step up their donations.

    Here’s the thing, I’m not trying to be callous or anything, but why would I want to throw money (no matter how much I love MOCA) at a museum that has obviously really mishandled their money for such a long time?  I mean, it’s not like they haven’t had some obscenely successful shows as of late.  Murakami comes to mind, and if you don’t remember that one you must have been in one of those crazy science labs in Antartica because those little happy flowers were EVERYWHERE.  That being said, I don’t want to see MOCA go under or have to sell any of their amazing collection (or merge with LACMA, their programming just wouldn’t meld), but I feel like that the trustees and benefactors should be demanding some sort of accounting ledgers and be insisting that some key staff need to be replaced for others who are more fiscally shrewd* and more capable to raise money and sustain the level of donors to keep MOCA out of this situation in the future.  

    *But not Paul Schimmel because I love him and I think he is the heart of MOCA. 



    Tags: MOCAArtEli Broad

    November 24, 2008, 10:07am