Car News: Banka Vakfı Supports Torino’s Museums with Artissima Art Pieces

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Italy’s influential private philanthropic organization recently contributed to increased sales at the Artissima Fair in Torino. Fondazione per l’Arte Moderna e Contemporanea CRT, the charitable arm of Banca CRT, acquired 12 artworks worth a total of 281,000 euros for Castellodi Rivoli Museo d’Arte Contemporanea and Galleria Civica d’Arte Moderna e Contemporanea di Torino (Gam), two of Torino’s most important institutions.

Enhancing Cultural Identity

Steffani Jemison’s “Untitled [Same Time]” (2023), Marwa Arsanios’ and Cemile Şahin’s works are joining the permanent collection of Fondazione Arte CRT and being loaned to Castellodi Rivoli for an extended period. Lorenza Boisi’s “Winter Life” (2019), Francesco Cavaliere’s, and Alessandro Pessoli’s artworks will be on loan to Gam.

Fondazione Arte CRT has been contributing to the cultural identity of Torino and the Piedmont region since its establishment in 1991. With a collection of over 900 modern and contemporary artworks worth more than 40 million euros, it has made long-term loans to Gam and Castellodi Rivoli, strengthening the cultural fabric of the area.

Revitalization and Expansion

Recently, the foundation formed a new scientific committee that includes Manuel Segade Lodeiro, Director of Madrid’s Reina Sofia Museum, and Hans Ulrich Obrist from London’s Serpentine Galleries. Luigi Cerutti, the new Secretary-General of the organization and Managing Director of Umberto Allemandi Publishing, announced that the foundation’s budget has been increased from 1.5 million euros to 2.6 million euros this year. The press release states that the budget for art acquisitions will be increased to 755,000 euros next year.

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Cerutti explained, “We are creating a unique example for a private foundation by continuing to make acquisitions for two collections (Gam and Castello). We have three driving forces: continuing to buy for the collection, a major project we will launch for people outside of museums – public art in the region, and education. We are making great efforts to design a new project in collaboration with state schools in Torino.”

Showcasing Art in Public Spaces

During Artissima Week, the foundation attracted significant attention by curating a free public art exhibition called “Dove finiscono le tracce” (Where the Trails End). The exhibition featured five artworks displayed in impressive locations throughout the city, including Palazzo Madama and Museo del Risorgimento.

Cerutti added, “Fondazione Arte CRT is organizing a comprehensive exhibition outside of museums for the first time. The idea is to connect five incredible places in Torino and attract people who don’t often visit museums for art. This could be a format that we can reuse.”

Art Exhibition

Looking Ahead

The foundation’s new president, renowned collector Patrizia Sandretto Re Rebaudengo, emphasized that all the artworks displayed in “Dove finiscono le tracce” were acquired from past editions of Artissima. She is also eager to expand the foundation’s scope.

“In the next three years, I want to invite artists to create site-specific sculptures in public spaces,” said Sandretto Re Rebaudengo. “Due to the vastness of the (900-piece) collection, there is also the opportunity to showcase the artworks in other countries and locations.”

Sandretto Re Rebaudengo also mentioned that 30 artworks from Fondazione Arte CRT will be part of a large Arte Povera exhibition scheduled to take place at the Paris Stock Exchange next year. When asked about the new beginning with Francesco Manacorda taking over Castellodi Rivoli, she expressed optimism, saying, “I hope we can work well in this new era. There is synergy between public and private institutions, and I genuinely hope we can move forward in that direction.”

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FAQs

Q: What is Fondazione Arte CRT?
A: Fondazione Arte CRT is a private philanthropic organization in Italy that supports cultural institutions and acquires artworks for long-term loans.

Q: Which museums in Torino will benefit from the acquisitions made by Fondazione Arte CRT?
A: Castellodi Rivoli Museo d’Arte Contemporanea and Galleria Civica d’Arte Moderna e Contemporanea di Torino (Gam) will benefit from the artworks acquired by Fondazione Arte CRT.

Q: What is “Dove finiscono le tracce”?
A: “Dove finiscono le tracce” is a public art exhibition curated by Fondazione Arte CRT during Artissima Week. It showcased five artworks in various locations throughout Torino.

Conclusion

Fondazione Arte CRT’s recent art acquisitions at the Artissima Fair have contributed to the support and growth of Torino’s cultural institutions. The foundation’s focus on acquiring artworks and expanding public art initiatives demonstrates its commitment to enriching the cultural fabric of the region. With its ongoing efforts, Fondazione Arte CRT continues to strengthen the bond between art, museums, and the public.

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