Cosmetics Heir Lauder Donates $1 Billion in Cubist Art to Met

BY Tom LeGro  April 10, 2013 at 4:27 PM EST

The Metropolitan Museum of Art in New York announced a major gift Wednesday, one of the largest and most important ever for any museum. Philanthropist Leonard A. Lauder, an heir to the Estée Lauder cosmetics estate, is giving the museum his entire collection of Cubist art — 78 paintings, drawings and sculptures valued together at more than $1 billion.

They include 33 pieces by Pablo Picasso, 17 works by Georges Braque and other major pieces by Fernand Léger and Juan Gris.

You can see some of the highlights of the collection in this slide show:

On Wednesday’s NewsHour, Margaret Warner will talk to Rebecca Rabinow, a curator from the Met’s department of modern and contemporary art, about the Lauder collection and what it means for the museum.