Bourse de Commerce: Billionaire Francois Pinault's art collection goes on display in new Paris museum

The man behind luxury group Kering is digging plenty of pieces from his vast collection out of storage

A sculpture by German artist Thomas Schutte on display at the Bourse de Commerce, a new venue dedicated to contemporary art created by French businessman Francois Pinault. EPA

A painting by British artist Lynette Yiadom-Boakye at the Bourse de Commerce, which is located in Paris. EPA

The Bourse de Commerce historic building in the centre of the French capital has been turned into a museum to show the collection of Pinault, the luxury goods mogul who also owns the auction house Christie's. AFP

The collection's general director, French Jean-Jacques Aillagon. AFP

A collection of wax sculptures form the artwork 'Untitled'' by Urs Fischer at the Bourse de Commerce. Bloomberg

'Not quite as clear' by Florian Krewer, left, near the sculpture 'Mann im Wind III' by Thomas Schutte. Bloomberg

'Untitled Film Stills' by Cindy Sherman. Bloomberg

The Bourse de Commerce-Pinault Collection will open to the public on May 22. Bloomberg

One of nine wax figures that comprise Urs Fischer’s work 'Untitled'. Bloomberg

Various pieces by the artist Bertand Lavier in display cases on the ground floor of the Bourse de Commerce. Bloomberg

A replica of the 16th-century sculptor Giambologna's 'Rape of the Sabine Women', one of nine wax figures that comprise Urs Fischer’s 'Untitled'. Bloomberg

'High Level of Cats' on the ground floor of the Bourse de Commerce. Bloomberg

Stuffed pigeons form an artwork by Maurizio Cattelan entitled 'Others' on the third-floor balcony of the Bourse de Commerce. Bloomberg

The reopening of Paris museums this week finally gives billionaire tycoon Francois Pinault the chance to showcase his vast contemporary art collection in the French capital, with works from stuffed pigeons to slowly melting chairs.

The museum's launch in a converted 19th-century commodities exchange, blocks away from the Louvre Museum, was put on hold twice owing to the coronavirus pandemic after having suffered earlier planning mishaps, with an initial project abandoned in 2005.

Pinault, 84 – who made his fortune in timber trading before shifting into retail under the group now known as Kering, run by his son – joins rival French luxury goods tycoon Bernard Arnault in trying to stamp his legacy on Paris' art scene and landscape, with museums and renovation projects.

But the Bourse de Commerce – Pinault Collection, opening on Saturday, will also give visitors a glimpse of the businessman's vast trove of art purchases since the 1980s, including pieces by photographer Cindy Sherman and painter Peter Doig.

Francois Pinault, pictured in 2011, has an extensive collection of modern art

The 200 works on display for the opening, many straight out of storage, feature artists who have never had retrospectives in France, such Kerry James Marshall, known for his explorations of African-American history.

An ephemeral work by Swiss-born artist Urs Fischer will take centre stage at the launch, with wax sculptures installed in the central space, including chairs and a marble-like statue, set to slowly melt over six months as they are set alight.

Overhead, stuffed pigeons peer down into the gallery, in an art installation called Others by Maurizio Cattelan designed to give visitors a startling sense of being observed.

The project follows Pinault's attempt to build a new museum in western Paris on the site of a former Renault car factory, which became bogged down in wrangling with local authorities. The billionaire has since opened two museums in Venice, Italy.

Arnault, who is behind the LVMH luxury goods conglomerate, built his Louis Vuitton foundation in the west of the French capital, opening the futuristic ship-like Frank Gehry design to public exhibits in 2014.

The Cartier Foundation, linked to the jewellery brand owned by Switzerland's Richemont, has been a cultural hot spot for contemporary art exhibits in Paris since the 1980s.

'A more balanced art scene'

Many museums in France are reopening for the first time since October on Wednesday as Covid-19 restrictions ease. The Bourse de Commerce – Pinault Collection will welcome 600 to 700 visitors a day, a reduced intake compared to its 1,700 capacity.

In Paris' crowded art world, once dominated by public institutions, private museums now offer a fresh perspective, the Bourse de Commerce's managing director Martin Bethenod said.

Paintings by British artist Lynette Yiadom-Boakye in the Bourse de Commerce. EPA

"Now it's a much more balanced art scene, it's a kind of ecosystem in which private and public can work together," he said.

Housed in a circular former grain trading hall, the Bourse de Commerce's exterior has been restored, while inside old and new mingle. A cement walkway imagined by Japanese architect Tadao Ando gives visitors a closer view of the imposing glass dome, as well as a late 19th-century painting depicting an antiquated Europe-centric world view, with colonial stereotypes.

Part of the concept was to keep the work, in a form of dialogue with contemporary artists, Bethenod said.

"Pinault's point of view is very much linked to issues in society, social issues, political issues, gender issues, cultural issues," he said.