Francois Pinault (centre) with his son Francois-Henri (left), the head of French luxury group Kering, and grandson Francois, announcing the art museum project in central Paris last month. The new museum will house Francois Pinault’s collection of modern art, estimated to be worth US$1.4 billion. Photo: AFP

Luxury goods mogul Francois Pinault’s art museum ‘an immense gift to Paris’

Mayor of French capital hails deal for Pinault’s US$1.4 billion collection of modern works, from Rothko to Hirst, to be housed in renovated Bourse, part of project to revive city’s Les Halles district

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Francois Pinault (centre) with his son Francois-Henri (left), the head of French luxury group Kering, and grandson Francois, announcing the art museum project in central Paris last month. The new museum will house Francois Pinault’s collection of modern art, estimated to be worth US$1.4 billion. Photo: AFP
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