One of the reasons for this is the inability of the Parisian district of Boulogne-Billancourt to present a plan for the development of the Seguin Island on the Seine, where a museum was supposed to appear - instead of the Renault plant that closed in 1992. According to a spokesman for Pino, he could not open his museum in the middle of the junkyard. At the same time, this businessman and collector has already spent 20 million euros on the development of an architectural project.
Now the billionaire is going to buy Palazzo Grassi on the Grand Canal in Venice. Now the palace of the 18th century belongs to the Fiat concern, which has already held art exhibitions there. The cost of the historic building is 29 million euros.
In it, Pino will house his collection of works by Mondrian, Picasso, Brancusi, Rauschenberg, Rothko and Warhol - a total of 2,000 exhibits.
The only problem is the area for exhibitions: the Parisian building of Ando was supposed to have 30,000 m2, and in the Palazzo Grassi it would be possible to use a maximum of 5,000 square meters.