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January 21, 2015

$50-Million Art Gift Kicks Off L.A. County Museum Campaign

Los Angeles County Museum of Art trustee Jane Nathanson and her husband, Marc, have given the institution eight 20th- and 21st-century works collectively worth an estimated $50-million, the Los Angeles Times writes. The donation includes pieces by Andy Warhol, Damien Hirst, Julian Schnabel, and other major modern artists.

The museum also announced on Tuesday a gift of four works from Lynda and Stewart Resnick that span from the Renaissance to the 19th century. The couple declined to estimate a value for the works. The donations launch a campaign led by Ms. Nathanson and Ms. Resnick, also a museum trustee, to encourage collectors to donate works to the institution ahead of its 50th anniversary in April.