The Lauder Institute grew out of my original frustration and a conversation I had with my brother about the need to have a real international business school connected with Wharton. The brothers' interest in international business has helped them expand the family company worldwide. During the Cold War, Ronald was often in Eastern Europe to open Est e Lauder companies. I always said to myself that here was a region of enormous potential. In 1989 he founded the Central European Development Corporation, to help identify investment opportunities there.
Contemporary art is art created in our time.
But defining modern art is a dicier proposition. Some scholars say it's anything after the Renaissance. With his concentration on the underlying structure of his subjects, C zanne inspired so many 20th-century painters that he's often called the Father of Modern Painting. The Museum of Modern Art, which opened in 1929 under founding director Alfred H. Barr, was the first museum to display modern art as a historical movement of unparalleled experimentation, encompassing Post-Impressionism, Cubism, Surrealism, Expressionism, Constructivism, Dada, and, later, Abstract Expressionism. The story of modern art as told in MoMA's permanent collection begins appropriately enough with eight oils by C zanne, but for decades, its centerpiece was Picasso's greatest masterwork, Guernica , painted in angry response to the 1937 Nazi bombing of the Basque city of Guernica.