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How to Spend Money When You’re Rich

51 years ago, the Guggenheim Museum designed by Frank Lloyd Wright, and patronized by Solomon Guggenheim, opened on the edge of Central Park. I spent many happy days of my childhood there, and still remember the awe of stepping into what felt like a tubular space ship. Last May, thousands of miles away, I visited another Guggenheim museum, this one in a Venetian palazzo, originally the home of Peggy (Solomon’s niece), who like her uncle, was a superb collector of modern art. I love when rich people put their fortunes to good use.

Photograph of Peggy Guggenheim, 1924, by Man Ray

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