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...past eras when it flourished, the Louvre today is a busy construction site. Most of the work is taking place on a new wing dedicated to Islamic art, set to open in 2010 and partly funded by Saudi Arabia's Prince Alwaleed bin Talal al Saud and French oil giant Total. The Louvre is also building a branch museum in Lens, a depressed former coal-mining town in the north, as part of Loyrette's attempt to broaden its reach within France...

Author: /time Magazine | Title: Le Louvre Inc. | 7/16/2008 | See Source »

...anything done in three," says Bresc-Bautier, who was appointed by Loyrette after her predecessor retired. But then she'll start to talk about the $3.7 million Austrian bust that the Louvre was able to buy in New York for her department, and the ambitious exhibition of French bronzes she'll be putting on later this year. Not to mention the restoration budget, which is "incomparably bigger than it was a decade...

Author: /time Magazine | Title: Le Louvre Inc. | 7/16/2008 | See Source »

...Louvre. Among the guests at the June gala were the billionaire Mexican art collector Eugenio Lopez, Malaysian tycoon Francis Yeoh and Dasha Zhukova, the girlfriend of Russian oligarch Roman Abramovich. There's also money to be found in France: as well as campaigning vigorously to convince major French companies to contribute, Loyrette has created a circle of young donors that is attracting a new generation of entrepreneurs...

Author: /time Magazine | Title: Le Louvre Inc. | 7/16/2008 | See Source »

Which raises the question: Why should anyone give money to a French museum that already receives a hefty slug of government funding, while so many museums around the world are starved of cash? A few days after Cason Thrash's party, one of the attendees, Max Blumberg, a wealthy Floridian who made his money in lighting, sits in his exquisitely decorated Paris pied-à-terre opposite the Tuileries gardens, with a view of I.M. Pei's pyramid, and provides the answer. "The name of the Louvre has magical powers in the world of art," he says. "We don't look...

Author: /time Magazine | Title: Le Louvre Inc. | 7/16/2008 | See Source »

...indications are that Obama can expect an exuberant welcome wherever he goes, but that can be a double-edged sword. It didn't help John Kerry that Europeans seemed so eager to embrace him. In a famous put-down, then Commerce Secretary Don Evans declared that Kerry "looks French." For his part, Obama has already been portrayed by opponents as an out-of-touch élitist (see "Bittergate"), and recently McCain surrogates such as Mitt Romney and Rudy Giuliani have suggested that the Democrat has more of a European worldview than the Arizona Senator does...

Author: /time Magazine | Title: Obama Faces His Overseas Audition | 7/16/2008 | See Source »

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