Pablo Picasso

Metropolitan Museum of Art in New York. Photo: EPA

Leonard Lauder donates US$1b in Cubist works to New York gallery

Cosmetics billionaire Leonard Lauder has given the New York Metropolitan Museum of Art an astonishing, collection of Cubist art that he assembled over four decades, the museum announced. The enormous gift, estimated to be worth US$1 billion, includes 78 works by Picasso, Braque, Gris, and Leger, and "will transform the museum," the gallery said.