Age, Biography and Wiki
Giuseppe Panza was born on 23 March, 1923 in Italy, is an Italian art collector (1923–2010). Discover Giuseppe Panza's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 87 years old?
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Age |
87 years old |
Zodiac Sign |
Aries |
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23 March 1923 |
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23 March |
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Date of death |
24 April, 2010 |
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Italy
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We recommend you to check the complete list of Famous People born on 23 March.
He is a member of famous with the age 87 years old group.
Giuseppe Panza Height, Weight & Measurements
At 87 years old, Giuseppe Panza height not available right now. We will update Giuseppe Panza's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
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Dating & Relationship status
He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.
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Giuseppe Panza Net Worth
His net worth has been growing significantly in 2023-2024. So, how much is Giuseppe Panza worth at the age of 87 years old? Giuseppe Panza’s income source is mostly from being a successful . He is from Italy. We have estimated Giuseppe Panza's net worth, money, salary, income, and assets.
Net Worth in 2024 |
$1 Million - $5 Million |
Salary in 2024 |
Under Review |
Net Worth in 2023 |
Pending |
Salary in 2023 |
Under Review |
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Not Available |
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Giuseppe Panza Social Network
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Timeline
Giuseppe Panza di Biumo (23 March 1923 – 24 April 2010) was a collector of modern art.
He lived in Milan and Varese, Italy.
Giuseppe Panza was born on March 23, 1923, in Milan.
His father, Ernesto, was a wine distributor who invested in real estate and in 1940 was given the title of count by King Vittorio Emanuele III.
Initially, they focused on European and American painting and sculpture of the mid-1940s through early 1960s, purchasing works by European postwar artists such as Jean Fautrier and Tàpies, and American Abstract Expressionists such as Franz Kline and Mark Rothko.
He earned a law degree at the University of Milan in 1948 but never practiced.
Instead, he built his career in the family businesses of wine distribution and property.
Along with his wife Rosa Giovanna, Panza began building an art collection in 1956, when he bought a work by Antoni Tàpies.
In 1966 the Panzas turned their attention to Minimalist and Conceptual Art.
When Panza began disposing of some of his collection in the 1980s, he first tried to do so in his homeland, Italy.
After Turin had rejected it on the grounds of its American content, he turned to other international museums.
In 1982, plans with Werner Schmalenbach of selling his collection to the Kunstsammlung Nordrhein-Westfalen failed due to cuts in the museum's budget.
Panza then arranged important gift and loan deals that greatly enhanced the collections of several American museums.
The works were acquired for $11 million and formed the core of the museum's permanent collection soon after it opened in 1983.
In 1984, Panza sold 80 abstract Expressionist and pop works to the Museum of Contemporary Art, Los Angeles, whose founding director Pontus Hultén he had known since 1963 and at which he served as a trustee.
Spearheaded by Guggenheim's then-director Thomas Krens, who had been in discussion with Panza in 1986 during his tenure at Williams College Museum of Art, the Guggenheim, acquired, in a combined gift and purchase arrangement, more than 300 Minimalist sculptures and paintings in 1991 and 1992.
Some of them were not purchased as physical objects but as Conceptual sculptures to be constructed from site to site.
In a 1989 article titled “Una stanza per Panza,” Donald Judd accused Panza of fabricating Judd works from sketches he owned without the artist's permission — let alone participation — and then installing them at his ancestral home at Villa Varese.
Other conceptual artists, including Flavin and Nauman, also took issue with some of the pieces that Panza had constructed from sketches.
In order to pay for the $30 million package, Krens initiated a controversial deaccession plan, selling works by the likes of Wassily Kandinsky, Marc Chagall, and Amedeo Modigliani at Sotheby's in May 1990 for $47 million at the height of that art boom.
In 1994, Panza donated 70 items to MOCA by 10 young, local artists, including major sculptures by internationally known artist Robert Therrien.
Giuseppe Panza: Memories of a Collector, an autobiographical perspective on Panza's role as a collector was published by Abbeville Press in 2007.
That same year, the Albright-Knox Art Gallery acquired 71 artworks by 15 artists, partly as a gift from the Panza family and through funds from the museum's special endowment for art acquisitions.
Panza died on 24 April 2010 in Milan.
In 2010, the San Francisco Museum of Modern Art acquired 25 of the remaining major works of Conceptual and Minimalist art from Panza's collection for an undisclosed price.
About 10 per cent of his 2,500-piece collection remains in the 18th-century Villa Menafoglio Litta Panza at Varese outside Milan, where the Panzas installed an ever-changing show.
The building has 50000 sqft of exhibition space and site-specific works by artists including James Turrell, Robert Irwin and Dan Flavin.
Panza's archive is divided between Lugano, Switzerland, and the Getty Research Institute in Los Angeles.
At the Venice Biennale in 2011, artist Barry X Ball installed nine marble sculptures depicting Panza's head in different scales and surfaces at Ca' Rezzonico.