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/ Home / Editorial / Passion Investments / Art /
Passion Investments: Art
Viva la Diferencia
Catherine Curan
07/01/2007

Cisneros and her husband structured their holdings as a study collection, which they make available for exhibitions and academia. They created the Fundación Cisneros to promote Latin American art and culture. Their art and education-related philanthropy began in the 1980s with a school for Venezuelan musicians, and evolved in the 1990s into the foundation. Today 18 Caracas-based staff members, including conservators, art historians and curators, tend to her holdings: an Amazonian collection with more than 2,000 pieces; a colonial collection with about 100 works; the geometric abstraction group with some 500 pieces; and a landscape collection Cisneros cannot quantify. Two or three hundred of her works travel at any given time to destinations as far flung as Japan and Sweden.

PATRICIA PHELPS de Cisneros, by Willys de Castro’s Objeto Ativo, is one of the world’s most renown collectors of Latin American art. (Photograph by Jason Dewey.) 

Although Cisneros has a broad mission, she also maintains a highly personal relationship with the works she collects, insisting that she loves every piece. Cisneros says that one of the advantages of being a private collector is her option to pass on a work she doesn’t like, even though her curators recommend it to complete a series.

Among her current favorites is a small conceptual minimalist work, Objeto Ativo, by Brazilian Neo-Concrete artist Willys de Castro. Cisneros showcased the piece last winter in an exhibition in Aspen. Would she keep Objeto Ativo at home in New York for a time after its return? Cisneros answers, "Absolutely. I can’t wait to wake up to it."

Catherine Curan is a senior correspondent for Worth.

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