The Cisneros Fontanals Art Foundation and The Spanish Ministry of Education, Culture and Sport signed today a Memorandum of Understanding for the creation of an exhibition space to be located in the Tabacalera building in Madrid, Spain. This agreement includes the donation of works from the Ella Fontanals-Cisneros Collection to the Spanish State, whose stewardship will be shared with another international arts institution, which will be announced in the coming months. The Fontanals-Cisneros collection is one of the most important collections of Latin American art. With more than 3,000 pieces, it has works by prominent artists from around the world, and includes not only pictorial art, but also video and modern photography. Works by Carmen Herrera, Cildo Meireles, Jesus Soto, and photography by the artists Grete Stern, Horacio Coppola, Leo Matiz, Paulo Pires, are all included in the collection. With this memorandum,
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