'Age alone does not guarantee value': Thomas S. Kaplan is showing his Dutch Old Master collection in US for first time
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'Age alone does not guarantee value': Thomas S. Kaplan is showing his Dutch Old Master collection in US for first time
"The collector Thomas S. Kaplan is self-professedly evangelical about Rembrandt. Over the past two decades, he and his wife, Daphne Recanati Kaplan, have built the Leiden Collection, one of the world's largest private holdings of 17th-century Dutch art, which now totals more than 220 works. The Art Newspaper reports that Kaplan is in discussions to fractionalise the collection into shares and float it as an IPO (initial public offering)."
"If you consider people in their 40s young, then yes, there've been more signs of buyers coming into the market. Old Masters have an issue of scarcity: collectors and museums have had a 400-year head start. In our case, we took advantage of a vacuum to buy and create a lending library that has supplemented the collections of some 80 museums worldwide."
"The nature of my personality is that if I'm passionate about something, I go all in. For the first five years we bought at an average of one painting per week. I haven't lived with a single [Leiden Collection] painting because I believe they should all be in the public domain, and my wife Daphne feels the same."
Thomas S. Kaplan and Daphne Recanati Kaplan assembled the Leiden Collection since 2003, which now exceeds 220 seventeenth-century Dutch works. About one third of the collection will be presented at the Norton Museum of Art in West Palm Beach from 25 October to 29 March 2026. Kaplan is exploring fractionalising the collection into shares and pursuing an initial public offering. He notes growing interest from buyers in their forties and highlights scarcity in the Old Masters market after centuries of collecting. The Kaplans emphasize lending works to museums and have created a lending library that has supplemented around 80 museum collections.
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