Sino-American couple’s record-breaking donation of $ 125 million to the New York Museum

Sino-American couple's record-breaking donation of $ 125 million to the New York Museum

In return, the newly renovated space will bear their names, the museum states.

New York, USA:

A Sino-American couple has donated a record $ 125 million to the New York Metropolitan Museum of Art to renovate the space that houses its collection of modern and contemporary art, the institution said Tuesday.

The donation from Oscar Tang and his wife Agnes Hsu-Tang is the largest capital gift Met – one of New York City’s biggest tourist attractions – has ever received in its 151-year history.

In return, the newly renovated space will bear their names, the museum states.

The addition of funds will allow the museum to complete a long-delayed project offering a multidisciplinary “revision” of 80,000 square feet (7,400 square meters) of galleries and public spaces housing its collection of modern and contemporary art.

“The Modern Wing will include a complete renovation of the current modern and contemporary galleries that The Met has been seeking to renovate for more than a decade,” the museum said.

“With this remarkable gift, Oscar and Agnes enable The Met to realize its ambitious mission for future generations,” said Daniel Weiss, president of the iconic museum adjacent to Central Park.

Tang, an 83-year-old retired financier who has served as trustee for the museum for three decades, has funded previous exhibits, art acquisitions, space expansions and other expenses over the years.

He has also donated works of art, including 20 Chinese paintings from the 11th to the 18th century and the Song Dynasty’s masterpiece “Riverbank” from the 10th century, the museum said.

(With the exception of the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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