Metropolitan Museum of Art to renovate modern wing with $ 125 million donation


The Metropolitan Museum of Art in New York announced yesterday that it has received a pledge of $ 125 million from activist collectors Oscar Tang and Agnes Hsu-Tang. The pledged donation is the largest monetary donation in the history of the institution, and is intended for the renovation of the modern wing of the museum, which will expand to include 80,000 square feet of exhibition and space. public and will be renamed the Oscar L. Tang and HM Agnes Hsu-Tang Wing.

The Met has been looking for more than a decade to renovate its modern wing. “The reinvention of these galleries will allow the Museum to approach the art of the 20th and 21st centuries from a global, encyclopedic, daring and surprising point of view, all values ​​which reflect the heritage of Oscar and Agnes” , said museum director Max Hollein. . A committee of museum leaders and administrators is tasked with selecting an architectural firm for the project by winter 2022.

“With this remarkable gift, Oscar and Agnes are helping the Met achieve its ambitious mission for future generations,” said Daniel H. Weiss, president and CEO of the museum. “Their generosity, while breathtaking in scope and vision, is not surprising, as it builds on their decades of support for our Museum. Indeed, for 151 years the founding of the Met was built precisely this way, with the support of extraordinary individuals who have the vision and passion to empower all New Yorkers, as well as visitors from around the world. , to discover the art of through 5,000 years of human history.

Oscar Tang, now Director Emeritus, was the first Asian American to serve on the museum’s board, which he joined in 1994. Founder of New York-based asset management firm Tang and Reich , the Shanghai-born Tang arrived in the United States at the age of eleven for school, his family having fled mainland China for Hong Kong in 1948 as the Communist Revolution was sweeping through. “America has given me refuge, education and the opportunity to succeed,” Tang said, referring to the couple’s gift, “I wanted to share the richness of my Chinese heritage with America and the world.”

Archaeologist and art historian Agnes Hsu-Tang is a senior researcher at Columbia University and chair-elect of the board of directors of the New-York Historical Society, where she has chaired the exhibitions committee since 2015. In one joint statement with her husband, Hsu-Tang noted, “Having witnessed the turbulent times that many continue to pass through, we find the Metropolitan Museum of Art to be an exemplary custodian and presenter of artistic heritages across cultures and times. . Contemporary art transcends ingrained notions of boundaries and identities and documents the stories of the present. As Americans of Chinese descent, we are honored to make this gift to galvanize progress, for the Met, for New York City, and for the country to which we belong.

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