In re Barnes Foundation
In re Barnes Found., 24 Fiduc. Rep. 2d 94 (Pa. Ct. Com. Pl., Jan. 29, 2004), expanding the Board; 25 Fiduc. Rep. 2d 39 (Pa. Ct. Com. Pl., Dec. 13, 2004), granting petition to relocate; 28 Fiduc. Rep.2d 258 (Pa. Ct. Com. Pl., 2008), denying standing; No. 58,788 (Pa. Ct. Com. Pl., 2011), aff'd, and imposing sanctions.
The Barnes Foundation (“the Foundation”) was established in 1922 by Dr. Albert C. Barnes (1872- 1951), an American medical doctor who made his fortune in the pharmaceutical business and used it to amass an art collection of exceptional breadth, quantity and quality. Beginning in 1912, Barnes purchased and commissioned what turned out to be seminal Impressionist, Post-Impressionist, and Modernist works, as well as decorative arts, African sculpture, and furniture. Among them were 181 works by Renoir (the world’s largest single collection of Renoirs); 69 by Cézanne; 59 by Matisse, including Joy of Life; and works by Picasso, Van Gogh, Monet and Degas. In 2011, the Wall Street Journal reported that the collection was worth an estimated $25 billion.