Luxury doesn’t just borrow from art anymore. It builds the museums.
Luxury houses no longer treat art only as a source of inspiration. Over the past decades they have become part of its infrastructure: they own museums, fund exhibitions, award prizes and bring art into their stores. What they are after is a kind of value fashion struggles to produce on its own. Fashion changes every season. Art stands for permanence, authorship and cultural memory.
The map shows four ways in, from the centre outwards.
1 Ownership. The house runs the institution itself: Fondation Louis Vuitton in Paris, Fondazione Prada in Milan and Venice, Palazzo Gucci in Florence. The Pinault family, majority shareholder of Kering, goes furthest. It owns the auction house Christie’s, runs three museums in Paris and Venice and holds a stake in the art publisher Éditions Dilecta. Whoever owns the museums decides which artists and works are shown to the public.
2 Art in brand spaces. The store becomes an exhibition space. Gucci shows art in its flagships under the title “Acts of Translation”. The Casa Loewe stores are designed like a collector’s home rather than a shop. With so much sold online, the physical store has to offer an experience a website cannot.
3 Artist programmes. Prizes, residencies and fellowships: the Loewe Foundation Craft Prize, the Chanel Next Prize, Hermès and the Prix Marcel Duchamp, Chanel’s curatorial fellowship with the Guggenheim. Hermès goes furthest: in its residency programme, artists work for long periods in the company’s own studios and production sites, closer to the design process than in any other form of engagement.
4 Funding and partnerships. The house pays, the museum decides. Louis Vuitton is a long-term partner of the Frick Collection in New York, where it staged the first fashion show ever held in the museum. The Chanel Culture Fund supports institutions from the Centre Pompidou to Berlin’s Hamburger Bahnhof, where it funds an annual commission curated by the museum.