Art News

Petersen Automotive Museum Foundation Receives Gift of $100,000,000

LOS ANGELES, CA.- Steven E. Young, Chairman of the Petersen Automotive Museum Foundation’s Board of Directors, announced today that the Museum Foundation has received a gift of approximately $100,000,000 from Margie Petersen and the Margie & Robert E. Petersen Foundation. This donation is comprised of a substantial unrestricted financial gift, a matching challenge, the 300,000 square foot building that the Museum has occupied since it opened in 1994, and an important collection of cars assembled by the late Robert E. Petersen during his lifetime, all as part of the Museum’s gift. This donation ensures that the Museum will continue to grow in importance as one of Los Angeles’ premier museums, and the largest and most acclaimed automobile museum in the nation. “I am thrilled to make this gift