Sotheby’s will offer works from the collection of the broadcasting pioneer and former MoMA chairman NFT Culture | Web3 Culture NFTs and Crypto Art | Platforms and projects

Foundation that represents former MoMA Chairman William S. Paley- Major works by Francis Bacon, Pablo Picasso and Pierre-Auguste Renoir will be offered by the William S. Paley Foundation with proceeds to key charities, including a new endowment for the museum. Modern art focuses on advances in media and technology, as well as acquisition

Francis Bacon, Three Studies for a Portrait of Henrietta Moraes1963

The name William S. Paley (1901–1990) will forever be associated with two of the great institutions born of the 20th century: Columbia Broadcasting System, Inc. (CBS), which he transformed from a small radio network in the 1920s; A giant of American broadcasting, and MoMA – the first museum (founded in 1929) dedicated to modern art, which he championed for half a century. In this dual role, he was at the forefront of shaping American culture and taste—first behind the lens of CBS at a time when television emerged as the nation’s greatest new instrument of influence, and later at The Museum of Modern Art, the Paley’s looking glass through which America Every moment sees itself.

At the time Paley began collecting, appreciation for modern art was relatively rare, a matter of radical and pioneering thought. In the 1930s, few collectors had the courage and vision to collect canvases by artists such as Picasso, Renoir and Matisse. As Pali did on the frontiers of broadcasting—when he wrote the rules and broke the rules—the painters in his collection pioneered new modes of expression. Paley’s intuitive appreciation for early 20th-century works established him as one of America’s foremost collectors of modern art, his instinctive and discerning eye informing the creation of a uniquely distinguished collection. At the same time, he was an active force in advising and inspiring MoMA’s collection-building for more than five decades and donated many of its best works to the museum.

William S. Paley, president of the Columbia Broadcasting System, said The Desk is submitting its Annual National Report, 1938. Photo courtesy of Temple University Libraries, Special Collections Research Center

collection, including Picasso The boy is leading the horse (1905-06) and Architect’s table (1912), by Cézanne L’Estaque (1882-83), and radons vase (c. 1912-14).

This fall, some 29 works acquired by William S. Paley during his 40-year collecting career will come to auction for the first time in at least half a century. Commissioned by the William S. Paley Foundation, their sales will support many charities close to William S. Paley’s heart, including Paley MuseumGreenpark Foundation (owned and operated by Pale 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 for new acquisitions.

First in a sequence of offerings is a remarkable work by Francis Bacon, arguably the best of the artist’s small format triptychs, set to lead 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. It will be followed by another offering at Sotheby’s marquee sale in New York in November, which includes some of the most radical advances in modern painting, from synthetic cubism to color field painting and crowns one of Picasso’s most important cubist works. In the market. Highlights of the collection will be shown in Hong Kong, London, Los Angeles and New York this fall.

“I remember how my father loved the wonderful works of art he collected and which were such an important part of my experience growing up. It is deeply gratifying that the Foundation is able to use this group of works in his collection to further support MoMA, to which he was so devoted.” – 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 imagined or envisioned thirty years ago. We continue to support the museum and Mr. Paley. Deeply grateful to the Foundation for its commitment to the vision.” –Glenn D. Lowry, 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 how devotedly he devoted himself to its advancement. Through this initiative, the Foundation will honor its mission and continue its vision for MoMA.” – Henry Kissinger, Chairman of the William S. Paley Foundation

“While many collectors shape their collections around the great museums, William S. Paley forged his own path, helping MoMA assemble its magnificent collection and thereby influencing the appreciation of modern art across America. It has been an absolute privilege to work with them and the Paley Foundation to help them realize their appropriately ambitious goals. William S. Paley’s visionary collections and flagging ambitions have 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 William S. Paley Collection is among the greatest historical collections in America: between his collection and his contributions to MoMA, Paley helped redefine the face of modern art. That a single collector could have the courage to acquire the finest examples of such profoundly radical artists since Picasso.

Bacon spoke of Paley’s visionary taste and relentless pursuit of the avant-garde. Paley’s acquisitions of the 1960s capture the breakthrough artistic spirit of the post-war era – from Francis Bacon’s stunning “Three Studies for Portrait of Henrietta Mores,” which marks one of the greatest triumphs of the artist’s career, to post-war examples. American Color Field Painting by Maurice Louis, Kenneth Noland, and Josef Albers.” –David Galperin, Sotheby’s Head of Contemporary Art, America

“Art’s unique power to communicate underpins the passion of William S. Paley’s collection. He created a remarkably personal world, in which works were measured both in setting and character for intimate work, personal enjoyment and contemplation. These consummate examples of the pioneers of modernism, from Renoir to Bonnard to Picasso, reflect the bold innovative thinking that has always characterized Paley’s ambitions. Acquired between the 1930s and 1960s, his treasure will now be put on the market for the first time in more than 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 nonprofit corporation under the laws of the State of New York, the Foundation makes charitable contributions to nonprofit organizations from funds received from Mr. Paley, his estate, and earnings from the Foundation’s investments. Major 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 53rdrd Street, which Mr. Paley established in 1967 for the public to enjoy as a memorial to his father, Samuel Paley.

Sales 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)

Print, New York April, 2023 (1 work)

About Sotheby’s

Founded 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 auction and buy-it channels including private sales, e-commerce and retail. Our trusted global marketplace is supported by an industry-leading technology platform and a network of experts spanning 40 countries and 70 categories including 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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