Gehry & Arnault : 8 things to know about Fondation Louis Vuitton
Louis Vuitton Foundation has opened on October 27th, in a “cloud-glass” vessel designed by superstar architect Franck Gehry. Spreading over 4 000 m2 in the North of Bois de Boulogne, the 11 galleries Foundation is hosting a permanent collection, temporary exhibitions and a 400 seats auditorium. It hopes to attract over 700 000 visitors per year.
8 THINGS TO KNOW
Spreading over 4000 m2 of floors, the Foundation is 40m high and 150m wide. To realize this tremendous building,
30 patents have been registered.
According to Vinci group, costs of construction have largely exceeded the €100 million announced by Bernard Arnault. It would raise over €500 million…
The Foundation is located in a place owned by Paris municipality, near the Jardin d’acclimatation. Property rights will get back to Paris in 50 years old – Then just in time to pay for the renovation works.
Simultaneously, a retrospective of architect Franck Gehry – 85 years old – has been launched at National Museum Centre Pompidou
In 2006, the creation of Louis Vuitton Cultural Space above the Champs Élysées flagship has made it possible the store to open on sundays (which is usually forbidden in France)
The foundation represents a source of international visibility thanks to the media coverage generated. Through this great communication medium, Louis Vuitton strenghtens its brand image as creative, dynamic and democratized…
Voted in 2003, Aillagon Law about corporate sponsorship ensures for French societies a tax reduction equal to 60% of the amount of their donation – within the limits of 5/1000 of their sales
Since 2005, Bernard Arnault has been the richest man of France ($50 billion) as LVMH main actionnaire and C.E.O.