Latest news with #JorgePérez
Yahoo
03-04-2025
- Entertainment
- Yahoo
Miami philanthropists donate an American masterpiece to Britain's Tate Modern
LONDON (AP) — Britain's Tate Modern art museum on Thursday unveiled one of the most significant gifts it has received in years – a masterpiece by an American abstract expressionist that hung for years on a bedroom wall in Miami. Joan Mitchell's painting 'Iva' is the centerpiece of a major donation from Florida-based philanthropists Jorge M. Pérez and Darlene Pérez that also will help Tate expand its collection of works by Latin American and African artists. The 20 foot-long (6 meter-long) triptych featuring bold strokes of purple, red, yellow and white – painted in 1973 and named for Mitchell's much-loved German Shepherd – went on public display Thursday next to a roomful of murals by U.S. artist Mark Rothko that is one of Tate Modern's biggest draws. Tate director Maria Balshaw said the big, bold Rothko canvasses are among the museum's 'crown jewels,' and Mitchell's 'spectacular' painting 'will truly shine' in their company. Balshaw said Mitchell – like many female artists 'underappreciated' during her lifetime – should take her rightful place alongside her male peers. Prices for Mitchell's work have soared since her death in 1992, with an untitled painting selling at Christie's auction house in 2023 for $29 million. Such prices put her works beyond the reach of most public art museums. Tate – a group of British galleries with its origins in the late 19th-century – is working to rebalance a collection long dominated by white male artists. It has purchased more works by women than men in every year since 2019. The Pérez donation includes works by artists from Africa and the African diaspora, to be given to Tate over the coming years, and a multimillion-dollar endowment that will fund curators for African and Latin American art at Tate Modern. Jorge Pérez, an Argentina-born real estate developer, said it's important that art from Africa and Latin America 'get the exposure in great museums, in great cities of the world, which they haven't had.' The Pérez family has given more than $100 million to Miami's public art museum, now called the Pérez Art Museum Miami. 'Iva' hung for years on the bedroom wall in the couple's Miami home, and Jorge Pérez said parting with it was wrenching. It went on display the morning after President Donald Trump announced tariffs on U.S. trading partners, with global divisions on many minds. Jorge Pérez, a former friend of Trump who has criticized the president's policies, said the importance of art is that it 'connects people." 'It connects people of all types, and makes people understand cultures that are not theirs, and see not only the differences, but the similarities between cultures,' he said. 'And I think that's beautiful.'
CBS News
03-04-2025
- Entertainment
- CBS News
Miami's Pérez family donates abstract expressionist Joan Mitchell's masterpiece to Britain's Tate Modern
Britain's Tate Modern art museum on Thursday unveiled one of the most significant gifts it has received in years – a masterpiece by an American abstract expressionist that hung for years on a bedroom wall in Miami. Joan Mitchell's painting "Iva" is the centerpiece of a major donation from Florida-based philanthropists Jorge M. Pérez and Darlene Pérez that also will help Tate expand its collection of works by Latin American and African artists. The 20 foot-long (6 meter-long) triptych featuring bold strokes of purple, red, yellow and white – painted in 1973 and named for Mitchell's much-loved German Shepherd – went on public display Thursday next to a roomful of murals by U.S. artist Mark Rothko that is one of Tate Modern's biggest draws. Tate director Maria Balshaw said the big, bold Rothko canvasses are among the museum's "crown jewels," and Mitchell's "spectacular" painting "will truly shine" in their company. Balshaw said Mitchell – like many female artists "underappreciated" during her lifetime – should take her rightful place alongside her male peers. Prices for Mitchell's work have soared since her death in 1992, with an untitled painting selling at Christie's auction house in 2023 for $29 million. Such prices put her works beyond the reach of most public art museums. Tate – a group of British galleries with its origins in the late 19th-century – is working to rebalance a collection long dominated by white male artists. It has purchased more works by women than men in every year since 2019. The Pérez donation includes works by artists from Africa and the African diaspora, to be given to Tate over the coming years, and a multimillion-dollar endowment that will fund curators for African and Latin American art at Tate Modern. Jorge Pérez, an Argentina-born real estate developer, said it's important that art from Africa and Latin America "get the exposure in great museums, in great cities of the world, which they haven't had." The Pérez family has given more than $100 million to Miami's public art museum, now called the Pérez Art Museum Miami . "Iva" hung for years on the bedroom wall in the couple's Miami home, and Jorge Pérez said parting with it was wrenching. It went on display the morning after President Donald Trump announced tariffs on U.S. trading partners , with global divisions on many minds. Jorge Pérez, a former friend of Trump who has criticized the president's policies, said the importance of art is that it "connects people." "It connects people of all types, and makes people understand cultures that are not theirs, and see not only the differences, but the similarities between cultures," he said. "And I think that's beautiful."
The Independent
03-04-2025
- Entertainment
- The Independent
Miami philanthropists donate an American masterpiece to Britain's Tate Modern
Britain's Tate Modern art museum on Thursday unveiled one of the most significant gifts it has received in years – a masterpiece by an American abstract expressionist that hung for years on a bedroom wall in Miami. Joan Mitchell's painting 'Iva' is the centerpiece of a major donation from Florida-based philanthropists Jorge M. Pérez and Darlene Pérez that also will help Tate expand its collection of works by Latin American and African artists. The 20 foot-long (6 meter-long) triptych featuring bold strokes of purple, red, yellow and white – painted in 1973 and named for Mitchell's much-loved German Shepherd – went on public display Thursday next to a roomful of murals by U.S. artist Mark Rothko that is one of Tate Modern's biggest draws. Tate director Maria Balshaw said the big, bold Rothko canvasses are among the museum's 'crown jewels,' and Mitchell's 'spectacular' painting 'will truly shine' in their company. Balshaw said Mitchell – like many female artists 'underappreciated' during her lifetime – should take her rightful place alongside her male peers. Prices for Mitchell's work have soared since her death in 1992, with an untitled painting selling at Christie's auction house in 2023 for $29 million. Such prices put her works beyond the reach of most public art museums. Tate – a group of British galleries with its origins in the late 19th-century – is working to rebalance a collection long dominated by white male artists. It has purchased more works by women than men in every year since 2019. The Pérez donation includes works by artists from Africa and the African diaspora, to be given to Tate over the coming years, and a multimillion-dollar endowment that will fund curators for African and Latin American art at Tate Modern. Jorge Pérez, an Argentina-born real estate developer, said it's important that art from Africa and Latin America 'get the exposure in great museums, in great cities of the world, which they haven't had.' The Pérez family has given more than $100 million to Miami's public art museum, now called the Pérez Art Museum Miami. 'Iva' hung for years on the bedroom wall in the couple's Miami home, and Jorge Pérez said parting with it was wrenching. It went on display the morning after President Donald Trump announced tariffs on U.S. trading partners, with global divisions on many minds. Jorge Pérez, a former friend of Trump who has criticized the president's policies, said the importance of art is that it 'connects people." 'It connects people of all types, and makes people understand cultures that are not theirs, and see not only the differences, but the similarities between cultures,' he said. 'And I think that's beautiful.'
Associated Press
03-04-2025
- Entertainment
- Associated Press
Miami philanthropists donate an American masterpiece to Britain's Tate Modern
LONDON (AP) — Britain's Tate Modern art museum on Thursday unveiled one of the most significant gifts it has received in years – a masterpiece by an American abstract expressionist that hung for years on a bedroom wall in Miami. Joan Mitchell's painting 'Iva' is the centerpiece of a major donation from Florida-based philanthropists Jorge M. Pérez and Darlene Pérez that also will help Tate expand its collection of works by Latin American and African artists. The 20 foot-long (6 meter-long) triptych featuring bold strokes of purple, red, yellow and white – painted in 1973 and named for Mitchell's much-loved German Shepherd – went on public display Thursday next to a roomful of murals by U.S. artist Mark Rothko that is one of Tate Modern's biggest draws. Tate director Maria Balshaw said the big, bold Rothko canvasses are among the museum's 'crown jewels,' and Mitchell's 'spectacular' painting 'will truly shine' in their company. Balshaw said Mitchell – like many female artists 'underappreciated' during her lifetime – should take her rightful place alongside her male peers. Prices for Mitchell's work have soared since her death in 1992, with an untitled painting selling at Christie's auction house in 2023 for $29 million. Such prices put her works beyond the reach of most public art museums. Tate – a group of British galleries with its origins in the late 19th-century – is working to rebalance a collection long dominated by white male artists. It has purchased more works by women than men in every year since 2019. The Pérez donation includes works by artists from Africa and the African diaspora, to be given to Tate over the coming years, and a multimillion-dollar endowment that will fund curators for African and Latin American art at Tate Modern. Jorge Pérez, an Argentina-born real estate developer, said it's important that art from Africa and Latin America 'get the exposure in great museums, in great cities of the world, which they haven't had.' The Pérez family has given more than $100 million to Miami's public art museum, now called the Pérez Art Museum Miami. 'Iva' hung for years on the bedroom wall in the couple's Miami home, and Jorge Pérez said parting with it was wrenching. It went on display the morning after President Donald Trump announced tariffs on U.S. trading partners, with global divisions on many minds. Jorge Pérez, a former friend of Trump who has criticized the president's policies, said the importance of art is that it 'connects people.' 'It connects people of all types, and makes people understand cultures that are not theirs, and see not only the differences, but the similarities between cultures,' he said. 'And I think that's beautiful.'
NBC News
21-03-2025
- Business
- NBC News
Tariff fears are raising construction costs by up to 20%, says Related Group CEO
Building contractors are already hiking prices as much as 20% to offset potential tariffs, a move that could also raise prices of new condos and homes, according to the CEO of developer Related Group. President Donald Trump has imposed 25% tariffs on certain goods from Canada and Mexico, including steel and aluminum, and is expected to follow through on broader tariffs starting on April 2. Even before those wider levies take effect, uncertainty over tariffs and inflation is causing many contractors to hike real estate project costs. Related Group CEO Jon Paul Pérez said contractors bidding on seven projects that Related has in the works are raising prices. 'We're seeing [subcontractors] throw an additional cushion into their numbers anticipating tariffs,' Pérez told CNBC during a live Inside Wealth conversation. 'It could be as much as 20%, depending on what material they're getting from another country.' Pérez said the price hikes are driven by the anticipation of higher costs, rather than current levels, and noted it's unclear how the higher costs will be divided between contractor and developer. 'When you go through their numbers in detail and you start negotiating, you quickly find out they're just sort of padding to protect themselves,' he said. As a result, tariff fears could add further upward pricing pressure on a housing market that's already crippled by high prices and elevated mortgage rates. According to a survey from the National Association of Home Builders, rising prices for construction materials could add $9,200 to the cost of a typical home. Related Group is one of the largest and most prominent developers in the U.S., spanning affordable housing to luxury condo buildings, mainly in South Florida. The company currently has more than 90 projects in some stage of development, including rentals, affordable housing units, mixed-use developments and luxury condos. Related's founder and chairman, Jorge Pérez, said that in addition to tariff concerns, the Trump administration's crackdown on immigration could also drive up prices for developments, since the construction industry relies heavily on workers from overseas. 'There will absolutely be a cost effect in our industry, in particular the construction industry,' he said. 'Losing these people will have an inflationary effect.' For now, Related said the high end of the real estate market remains strong, especially in Florida. The company sold two condo penthouses at its exclusive new development on Fisher Island near South Beach, Miami, for a total of $150 million. Related is also building a luxury oceanfront condo tower in Bal Harbour, Miami, called Rivage Residences Bal Harbour, that is offering a mega-mansion in the sky — combining two penthouses that could total more than 20,000 square feet and fetch over $150 million. 'The high-end buyer is a very particular buyer,' said Jorge Pérez. 'Those people are buying over $10 million condominiums and typically they're very, very wealthy. So they're less affected, we're not seeing a decline in that market.' Chairman Pérez said the 'middle market,' or those buying condos in the $1 million to $3 million range, are taking more of a wait-and-see approach given the uncertainties around tariffs and immigration. Many condo buyers in Miami and South Florida are from Canada and Latin America, and are therefore more sensitive to potential changes in immigration policy. 'South Americans are coming and saying, 'What's going to happen with immigration policies?' or, 'Am I going to lose my visa?'' he said. 'We had a project where we just lost seven or eight Canadian and Mexican buyers that were ready to sign contracts, but when all these things came from tariffs, they didn't want to buy. But I think that will calm down.'
