World-renowned art collector, François Pinault, will open private art museum in Paris

Paris is about to get even more beautiful! François Pinault, the 80-year old luxury goods titan and owner of Christie’s auction house, has finally found a solution for where to put his massive art collection. He just announced he will be opening a new museum in Paris.

Pinault, one of the world’s top art collectors, told The New York Times that it was his ambition “to contribute to the brilliance of Paris in an original and strong way.” The still-unnamed museum will be housed in an 18th-century, former commodities exchange building near the newly built La Canopée in Les Halles.

This is not Pinault’s first attempt to build a museum in Paris. In 2005 he tried to build a museum in a former Renault plant on the Île Seguin in the Seine to show off his collection, which he has amassed over the last 40 years. After much red tape, Pinault declared “eternity is for art, not for projects designed to serve it.”

His plan B was to enlist the help of Pritzer Prize-winning architect, Tadao Ando, who restored two historic palazzos in Venice, which now display 3,000 of Pinault’s works. This is just a fraction of his collection.

But alls well that ends well: Pinault is once again collaborating with Ando to create this new Parisian private oasis. The restored building is set to open in 2018.