Banker Edouard Carmignac heads the Carmignac Gestion firm and in 2000 founded the Fondation Carmignac to acquire contemporary art and support artists through prizes and grants. The foundation’s holdings, which are rich in American and German postwar art (Warhol, Basquiat, and Richter are represented, among others), are displayed at the company’s offices. “Having artworks in-house creates the most ideal work conditions possible for each and every one of our workers,” Carmignac has said, adding how moved he is when his colleagues appreciate the art. The foundation has four rules that guide its acquisitions, which now number around 300: “Buy what we love,” “No taboos,” “Without borders,” and “No reselling.” The collection includes works by John Baldessari, Alexander Calder, Maurizio Cattelan, Urs Fischer, Douglas Gordon, Keith Haring, Zhang Huan, Jeff Koons, Roy Lichtenstein, Shirin Neshat, Gerhard Richter, Ed Ruscha, and Andy Warhol. In 2018, Carmignac’s foundation opened a space on the Mediterranean island of Porquerolles.
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