A Classification of American Wealth
History and genealogy of the wealthy families of America - Sponsors


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   Jean Paul Getty art collector and hotel owner

Page entitled : J. Paul Getty buys art in Europe and the Pierre Hotel in New York

Content of this page is about :
On his annual trips to Europe, Getty starts collecting art and antiques at bargain prices while in New York he buys the Pierre hotel.


Extract :
...
1938 he bought the “Ardabil” carpet from Duveen, an exclusive sixteenth-century Persian rug woven on the royal looms of Tabriz and once considered “too beautiful for Christian eyes to gaze upon”. He paid £14000 for the piece once declared “not for sale” by ‘Lord’ Joseph Duveen. Years later he turned down an offer of $250’000 from ‘King’ Farouk of Egypt, who wanted the rug as a wedding present for his sister, when she married the Shah of Iran. In the same year [1938], Getty also bought a Gainsborough [painting] for £7500 and a Raphael. The latter was a special bargain, since he received it for £40  ...

 

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