
Private collection
A private collection is a privately owned collection of works (usually artworks) or valuable items. In a museum or art gallery context, the term signifies that a certain work is not owned by that institution, but is on loan from an individual or organization, either for temporary exhibition or for the long term. This source is usually an art collector, although it could also be a school, church, bank, or some other company or organization. By contrast, collectors of books, even if they collect for aesthetic reasons (fine bookbindings or illuminated manuscripts for example), are called bibliophiles, and their collections are typically referred to as libraries.
For other uses, see Private Collection (disambiguation).
Very famous collections that are now dispersed include the Borghese Collection and Farnese collection in Rome, and the Orleans Collection in Paris, mostly sold in London. When this happens, it can be a large loss to those interested in art as the initial vision of the collector is lost.
The Princely Family of Liechtenstein have works by such artists as Hals, Raphael, Rembrandt and Van Dyck, a collection containing some 1,600 works of art, but were unable to show them since 1945 when they were smuggled out of Nazi Germany. The works were finally displayed in the Liechtenstein Museum after nearly 60 years with most in storage.[3] The important collection of the Thyssen family, mostly kept in the Thyssen-Bornemisza Museum, which settled in Madrid in 1992, was bought by the Spanish state. Only an exhibited part, the collection of Carmen Cervera, widow of the late Baron Thyssen, remains private but exhibited separately in the museum.
Many collections were left to the public in some form, and are now museums, or the nucleus of a museum's collection. Most museums are formed around one or more formerly private collection acquired as a whole. Major examples where few or no additions have been made include the Wallace Collection and Sir John Soane's Museum in London, the Frick Collection and Morgan Library in New York, The Phillips Collection in Washington, D.C., and the Museu Calouste Gulbenkian in Lisbon.
Other collections remain complete but are merged into larger collections in museums. Some important 19th/20th examples are: