Age, Biography and Wiki

Thomas Krens was born on 26 December, 1946 in New York City, is an American museum director. Discover Thomas Krens'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 77 years old?

Popular As N/A
Occupation Senior Advisor for International Affairs
Age 77 years old
Zodiac Sign Capricorn
Born 26 December, 1946
Birthday 26 December
Birthplace New York City
Nationality United States

We recommend you to check the complete list of Famous People born on 26 December. He is a member of famous Director with the age 77 years old group.

Thomas Krens Height, Weight & Measurements

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Thomas Krens Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Thomas Krens worth at the age of 77 years old? Thomas Krens’s income source is mostly from being a successful Director. He is from United States. We have estimated Thomas Krens'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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Source of Income Director

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Timeline

1946

Thomas Krens (born December 26, 1946) is the former director and Senior Advisor for International Affairs of the Solomon R. Guggenheim Foundation in New York City.

From the beginning of his work at the Guggenheim, Krens promised, and delivered, great change, and was frequently in the spotlight, often as a figure of controversy.

1969

Krens graduated from Williams College in 1969 with a degree in political science.

While at Williams, he also studied with art historians Whitney Stoddard, S. Lane Faison, and William Pierson, who are credited with forming the cadre of museum curators and art historians now known as the Williams Art Mafia.

1971

After earning a master's degree in studio art from SUNY Albany in 1971, he returned to Williams to teach printmaking and was appointed director of the Williams College Museum of Art in 1980.

During this time, Krens earned an M.B.A. from Yale University, which launched him into a career in museum management.

1986

In 1986, he was made consultant for the Solomon R. Guggenheim Museum in New York, and two years later became director of the Solomon R. Guggenheim Foundation.

In 1986, Krens first conceived of converting the recently closed Sprague Electric, Marshall Street plant in North Adams, Massachusetts into the world's largest contemporary art museum back when he was director of the Williams College Museum of Art, one of many tentative expansion projects that Krens launched or proposed when he came to the Guggenheim.

1988

When Krens became the Guggenheim's director in 1988, faced with a tight budget, a building in need of renovation and weak donor interest, he said, "If you want a vital institution, change has to take place on so many fronts that it's likely to be bewildering."

The 90s were a period of rapid expansion of museums across the US, not only the Guggenheim, and museum attendance was rising.

Krens was at the forefront of this movement, and became a high-profile figure in the world of art museums, corporate and foundation philanthropy, and the marketing of art to the public.

On the subject of branding the Guggenheim, Krens said, "A good brand becomes an article of faith among a consumer audience. If you buy a BMW or a Mercedes, or stay at a Four Seasons hotel or go the Louvre, you can be pretty much guaranteed a quality experience."

During his tenure, Krens has increased the Guggenheim’s endowment to $118 million from $20 million, although he has been known to dip into the endowment to cover operating costs.

1989

In 1989, Krens negotiated a gift of Impressionist paintings from the widow of Justin K. Thannhauser, acquired works of Minimalist art from the Panza Collection and oversaw the commissions of major artworks by Jeff Koons, Rosenquist, Rachel Whiteread and Gerhard Richter at Deutsche Guggenheim Berlin.

These works later became part of the Guggenheim’s collection.

In Bilbao, Krens led an acquisitions program that has included major installations of works by Richard Serra, Koons, Jenny Holzer and Louise Bourgeois.

He also has doubled the size of the Peggy Guggenheim Collection.

1990

In 1990, amidst a wave of US museums selling off parts of their collections, Krens was in the spotlight for selling works from what was seen as the Guggenheim's older, core collection (Kandinsky, Chagall and Modigliani) to raise $47 million to acquire newer 1960s and 1970s Minimalist sculptures from the Panza Collection.

That is, the Guggenheim was accused of being trendy, and The New York Times critic Michael Kimmelman said the sales "stretched the accepted rules of deaccessioning further than many American institutions have been willing to do."

Krens pointed out that the works acquired were no longer considered contemporary, but rather classics, and that such sales are a regular practice by museums.

Krens has been the subject of criticism, both for his businesslike style and the way he changed museums, in particular the showmanship, populism and commercialization involved.

Krens denied seeking to become a public figure, and said his media reputation is the result of "mostly inaccurate caricatures."

1992

The Guggenheim in 1992 had space to display at one time 3% of its 6,000 works.

The strategy pursued, radical in the eyes of traditionalists, consisted of new construction and renovation, financed by bonds, and franchising by building satellite institutions around the world.

Krens denied that deaccessioning (selling works from the collection) was a policy as well, though he was accused of treating the museum's collection of masterpieces as mere assets.

The success of the Guggenheim Bilbao expansion was credited to Krens' tenacity and salesmanship, and was a major victory for him.

1996

Krens mounted several historic exhibitions that rank among the 10 best-attended shows in the Guggenheim's history: "Africa: The Art of a Continent," in 1996; "China: 5,000 Years," in 1998, "Brazil: Body & Soul," in 2001; and "The Aztec Empire," in 2004.

Moreover, under his leadership the Guggenheim organized major retrospectives of Claes Oldenburg, James Rosenquist, Roy Lichtenstein, Ellsworth Kelly, Roni Horn, Richard Prince, and Matthew Barney.

1997

During his 20-year tenure as director he expanded the Guggenheim globally by enlarging and raising the profile of the Peggy Guggenheim Collection in Venice, Italy, and then building the Guggenheim Museum Bilbao, Spain (1997), Deutsche Guggenheim, Berlin, Germany (1997, ended 2013), the Guggenheim Las Vegas (2001, closed 2003) and Guggenheim Hermitage Museum, also in Las Vegas, (2001, closed May 2008), Guggenheim Guadalajara, Mexico (cancelled in 2009, originally to open 2011), and the Frank Gehry-designed Guggenheim Abu Dhabi, currently under development.

Krens spearheaded spectacular exhibitions such as The Art of the Motorcycle and ambitious shows covering the art of entire countries, including China and Brazil.

As director, Krens increased the Guggenheim’s endowment from US$ to US$.

Krens was succeeded as director of the Guggenheim Foundation by Richard Armstrong, formerly the chief curator and director of the Carnegie Museum of Art and a curator at the Whitney Museum of American Art.

Born and raised in Newark, New York, an upstate community on the Erie Canal.

1999

Krens's conception came to fruition when the site became the Massachusetts Museum of Contemporary Art (MASS MoCA) in 1999.

He was not discouraged by those that did not get off the ground, and through persistence was able to see several huge projects to completion.

The success of the expansion in Berlin came on the heels of the collapse of a proposed Guggenheim satellite in Salzburg, Austria, while at one time there were as many as three nascent projects in Venice.

While The Wall Street Journal complained at the time of many institutions expanding more rapidly than their collections allowed, leaving empty display space, the Guggenheim under Krens also found itself quickly acquiring new collections and being strapped for somewhere to put them, driving the need for expansions such as the Bilbao museum.

Krens pointed out that the Guggenheim and many museums already had more objects in storage than they could hope to display, and spreading them geographically is a good solution.

2006

As of 2006 the Guggenheim museums worldwide had received a steady 2.5 million visitors a year for the prior 4–5 years, and attendance at the New York museum had tripled, according to Krens.

Part of the strategy of international expansion was for host country governments to bear the costs, benefiting from prestige and tourist income.