"I'm looking to see whether I can take the entire collection public. I think assets, such as really great art, are going to multiply manyfold because they are truly scarce, and there's so much money sloshing around that will need a home and this is a great value proposition. To my mind the best way to evangelise for Rembrandt is by giving millions, maybe tens of millions, of ordinary people the opportunity to own a Rembrandt."
"I have three children, two are college age, but they have no interest in material objects. And while they think what I and my wife have done with the collection is incredible, they have no idea what to do with it. They asked me to find a solution for"
Thomas S. Kaplan is in advanced discussions to fractionalise the 220-strong Leiden Collection and launch it as an IPO under the working name Project Minerva. The collection contains 17 Rembrandts, what is thought to be Vermeer's last work, and paintings by Gerrit Dou, Jan Lievens, Jan Steen and Frans van Mieris. The Kaplans initially lent works anonymously and then mounted a global tour including the Louvre, the State Hermitage, the Long Museum, Louvre Abu Dhabi and the H'Art Museum, with the Norton Museum due next. Fractionalisation provides a succession plan and aims to democratise ownership while capitalising on perceived scarcity and demand for great art.
Read at The Art Newspaper - International art news and events
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