MoMA’s $40 Million Buying Spree

The Museum of Modern Art has bought $40 million worth of art as it builds its new $858 million home. “Most prominent among the acquisitions is “Diver,” a drawing by Jasper Johns that is widely considered to be one of the most important works on paper of the 20th century. The museum said it had also bought several other seminal works by modern masters like Picasso and Francis Bacon.”