Yuz and LACMA form Historic Partnership

On March 28, Indonesian-Chinese entrepreneur, collector and Yuz Museum founder Budi Tek announced an agreement between Yuz and the Los Angeles County Museum of Art (LACMA) that would see a series of joint programming, and a donation of 1,500 works from Tek’s contemporary art collection to a foundation in which the two institutions would be equal partners. Tek, who was receiving chemotherapy for pancreatic cancer in Frankfurt at the time, made the announcement via video at a panel discussion hosted by Art Agency, Partners in Hong Kong.

As part of the deal—the first of its kind between an American and a Chinese institution—Yuz will also gain access to LACMA’s collections of American, European and Latin American art. The first exhibition under the new agreement is slated to open in the: “We will think about how LACMA’s encyclopedic collection and Yuz’s extensive collection of contemporary art can be used together to realize original exhibitions, what kinds of exhibitions will best suit the location, and how the collaboration of the two museums can effectively involve local artists and showcase younger artists’ and women artists’ works.”