Acquisitions News

Jorge M. Pérez Donates $1.5 M. in Art, Cash to Museo Reina Sofia in Madrid

The exterior of the Museo Nacional Centro de Arte Reina Sofia.

JOAQUÍN CORTÉS/ROMÁN LORES

The Miami-based art collector and real-estate developer Jorge M. Pérez has made a donation totaling about $1.5 million to the Museo Reina Sofia in Madrid.

The gift is divided into a donation of 50 works from Pérez’s personal collection, with an estimated valuation of $1 million, and a cash gift for the museum to make acquisitions for emerging contemporary artists: $200,000 for artists from Spain and $300,000 for artists from Latin America.

The donated artworks are all by Spanish artists, including Aitor Ortiz, Cristina Iglesias, Luis Gordillo, Secundino Hernández, Eulalia Valldosera, Juan Genovés, Martí Cormand, Nestor Sanmiguel Diest, and the late Darío Villalba.

In 2011, Pérez gave $40 million in cash and art to the Miami Art Museum, a donation thart went toward a new Herzog & de Meuron–designed building and resulted in the institution’s name being changed to the Pérez Art Museum Miami. Pérez has continued to support the museum, giving a major gift of Cuban art in 2017 and creating the Pérez Prize, a $50,000 unrestricted artist award that was given to Christina Quarles today.

“I love that connection between Miami, Latin America, and Spain,” Pérez said of his gift to the Reina Sofia. He sees the museum’s director, Manuel Borja-Villel, as bridging “Latin America with Spain. The museum wants to continue to grow that Latin American art collection.”

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