Chicago's Art Institute Receives $500 Million Art Donation

05:52

April 23, 2015

Andy Warhol. Liz #3 [Early Colored Liz], 1963. The Stefan T. Edlis Collection, Partial and Promised Gift to the Art Institute of Chicago. (Courtesy of the Art Institute of Chicago)

The Art Institute of Chicago announced it is receiving the largest donation in the museum's history. Estimated at $500 million, the gift includes 42 pieces, including works by Andy Warhol, Jasper Johns, Jeff Koons and more.

Local philanthropists Stefan Edlis and Gael Neeson chose the Art Institute with an agreement that the museum would show the works for 50 years, voicing their frustration that many institutions only show donated works for a short period of time.

Here & Now's Jeremy Hobson speaks with the head of the Art Institute of Chicago, Douglas Druick, for a look at the works and the business of running a premier museum.

Jasper Johns. Target, 1961. The Art Institute of Chicago, Gift of Edlis/Neeson Collection. (Courtesy of The Art Institute of Chicago)

Jeff Koons. Bourgeois Bust – Jeff and Ilona, 1991. The Art Institute of Chicago, Gift of Edlis/Neeson Collection. (Courtesy of The Art Institute of Chicago)

Robert Rauschenberg. Untitled, circa 1955. The Art Institute of Chicago, Gift of Edlis/Neeson Collection. (Courtesy of The Art Institute of Chicago)

Andy Warhol. Mona Lisa Four Times, 1978. The Art Institute of Chicago, Gift of Edlis/Neeson Collection. (Courtesy of The Art Institute of Chicago)

Guest

Douglas Druick, president and director of the Art Institute of Chicago.

This segment aired on April 23, 2015.