On Wednesday 27 April, the mayor of Paris, Anne Hidalgo, officialised the installation of the Pinault Foundation in the Bourse du Commerce, in the Quartier des Halles, in the first district of Paris.
The Bourse du Commerce is a circular building, built during the 18th century and located rue Viarmes. Formerly used as a wheat hall, it was renovated during the 19th century to house the Chamber of Commerce of Paris. This historic monument will welcome one of the world’s most important collections, according to the longstanding wish of François Pinault to set up in France. Indeed, the collector already tried to open a foundation in Paris, in the former Renault plants on Seguin Island (Boulogne-Billancourt) – a project that was dismissed after years of unsuccessful procedures.
Until now, Pinault foundations could be found in Venice, at the Palazzo Grassi and at the Punta della Dogana. The new foundation will benefit from a space of 13.000 square meters, including an exhibit area of 4.000 square meters, which makes it the biggest space dedicated to art collection, before the Palazzo Grassi (2.500 square meters) and the Punta della Dogana (3.000 square meters). The collector, for whom “a museum cannot be a place where we merely show”, also foresees the construction of a vast auditorium. Once again, Martin Bethenod will be entrusted with the administration of this space.
The project, the cost of which is estimated at €100 million, will be borne by François Pinault. Four architects will work on the building: Tadao Ando, Pierre-Antoine Gatier, as well as Lucie Niney and Thibault Marca, creators of the agency NeM. The construction work should start in January 2017 for an opening planned in autumn 2018. This new foundation is part of the project for the revitalisation of the Quartier des Halles (Halles district) and should contribute, according to Anne Hidalgo, to the “cultural influence of the capital”.