Museu Coleção Berardo

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Museu Coleção Berardo (Berardo Collection Museum)
Praça do Império, Belém
Lisbon, April 2019

“In 2006, after 10 years of negotiations, José Berardo signed an agreement with the Portuguese government to loan art from his collection on a long-term basis to the Centro Cultural de Belém in Lisbon. Under the partnership agreement the Portuguese state incurs the costs of displaying Berardo’s collection. The art holdings themselves are owned and managed by a company known as the Berardo Collection Association. The museum was formally initiated as the Foundation of Modern and Contemporary Arton August 9, 2006 (Decree-Law 164/2006). It was inaugurated on June 25, 2007 and is named after Berardo and his collection. At the time, auction house Christie’s valued the exhibited works at around 316 million euros ($425.3 million). While the contract is still in force, however, the Berardo Collection Association may not sell cultural goods. The agreeement was renewed in 2017 giving the Portuguese government the option to purchase works from the collection until the agreements ends in late 2022. Since its opening, the collection has been located at the Exhibition Center of the Centro Cultural de Belém, with over 1,000 works of art on permanent display and temporary exhibitions.” (Berardo Collection Museum, Wikipedia)