Close Menu
  • News
  • Stocks
  • Bonds
  • Commodities
  • Collectables
    • Art
    • Classic Cars
    • Whiskey
    • Wine
  • Trading
  • Alternative Investment
  • Markets
  • More
    • Economy
    • Money
    • Business
    • Personal Finance
    • Investing
    • Financial Planning
    • ETFs
    • Equities
    • Funds

Subscribe to Updates

Get the latest markets and assets news and updates directly to your inbox.

Trending Now

Tech Weekly: Heavy Selling Results in Weekly Loss for Nasdaq

July 4, 2026

Crypto Market Update: Strategy Outlines Rules for Selling Bitcoin Reserves

July 3, 2026

American Vintage: A 250 year history of how wine shaped and was shaped by the USA

July 3, 2026
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
The Asset ObserverThe Asset Observer
Newsletter
LIVE MARKET DATA
  • News
  • Stocks
  • Bonds
  • Commodities
  • Collectables
    • Art
    • Classic Cars
    • Whiskey
    • Wine
  • Trading
  • Alternative Investment
  • Markets
  • More
    • Economy
    • Money
    • Business
    • Personal Finance
    • Investing
    • Financial Planning
    • ETFs
    • Equities
    • Funds
The Asset ObserverThe Asset Observer
Home»Art Market
Art Market

Famed Gelman Collection Will Return to Mexico by 2028

News RoomBy News RoomApril 6, 2026
Share
Facebook Twitter LinkedIn Pinterest Email

The Fundación Banco Santander in Spain has announced that it will return the Gelman Collection, which includes several important works of 20th-century Mexican art, to Mexico by 2028, according to a report by dpa.

The planned return comes after an open letter signed by more than 200 art professionals last month that accused the Mexican government of an “institutional blunder” by allowing part of the Gelman Collection to travel to Spain, where they were meant to be house permanently in a private museum in Santander, in the north of Spain.

In January, the foundation for the Madrid-based bank announced that it would manage 160 of the approximately 300 works that had been amassed by Jacques and Natasha Gelman, who had amassed their fortune in Mexico’s film industry, between 1941 and 1998, the year of Natasha’s death. (Jacques died in 1986.)

Among the works that Fundación Banco Santander said it would now steward “from January 2026 onwards.” In the newly renamed Gelman Santander Collection are major pieces by some of Mexico’s most important artists, including Frida Kahlo, Diego Rivera, María Izquierdo, José Clemente Orozco, Rufino Tamayo, David Alfaro Siqueiros, Manuel Álvarez Bravo, Gabriel Figueroa, Tina Modotti, and Graciela Iturbide. Of those 160 works, 18 of them are by Kahlo alone.

Several of these artists, including Kahlo, Rivera, Siqueiros, and Izquierdo, have been designated as Artistic Monuments by the Mexican government, meaning that their art cannot be permanently exported from Mexico but can be loaned for exhibitions for a set amount of time. (Only works already outside Mexico are able to be sold on the international art market, irrespective of the buyer’s location.)

After Natasha’s death, Robert R. Littman, a curator who had been serving as her adviser, said that the will had named him executor of the estate and that he collection was to stay in Mexico. In the years since, the collection has been subject to numerous claims from alleged heirs, including distant cousins and half-siblings, according to a 2024 report by El País.

The part of the collection that was to head to Spain is now owned by the Zambrano family, one of the country’s richest families, according to the Fundación Banco Santander, which has said that the collection’s management and exhibition in Spain was being done on behalf of the Zambranos. Until recently, it had been unclear if the collection would be in Spain for a temporary exhibition or more permanently.

The open letter from last month said that while “the change of ownership is a matter that strictly concerns private individuals; however, the fate of the work protected by these decrees – and for which the National Institute of Fine Arts and Literature is called upon to take measures to ensure its conservation and custody – concerns us all.”

Two weeks after the letter first began circulating, Claudia Curiel, Mexico’s culture secretary, said in a radio interview that the collection would return to Mexico “in about two or three years,” according to El País. That same week, Mexican President Claudia Sheinbaum said in a press conference that she had asked Curiel to look into the situation, adding that “our wish is for it to remain in Mexico.”

The 2024 El País report also said that the whereabouts of the Gelman Collection were unknown between 2008 and 2024, when 30 of them were featured in a Sotheby’s auction catalog. They were being consigned by the Vergel Foundation, which had been founded by Littman as a way to manage the collection. That auction was ultimately halted by the Mexican State.

According to El País, the Instituto de Nacional de Bellas Artes (INBAL) said it has not issued a temporary export permit for the Gelman Santander Collection to head to Spain. Additionally, several of the works are currently on view at Mexico City’s Museo de Arte Moderno, with that exhibition being extended to July, so that it is still on view during the 2026 World Cup this summer.  

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Keep Reading

Tens of Thousands Try for Tickets to See Bayeux Tapestry at the British Museum

Tottenham talent: Alexander McQueen’s foundation launches north London art hub – The Art Newspaper

Smithsonian museum will loan more than 200 works to institutions in all 50 states and Puerto Rico – The Art Newspaper

British Museum Recasts America’s Founding Through Indigenous Eyes

‘Even sewing a button can be subversive’: Ai Weiwei opens vast new show in Manchester – The Art Newspaper

British Museum to turn red for second fundraising ball – The Art Newspaper

Etruscan frescoes worth €15m go on display in Rome as part of Italian acquisition strategy – The Art Newspaper

Pop star Jay Chou’s Matisse dream comes true with $20m purchase – The Art Newspaper

A Standout 250th Show Confronts Centuries of American Contradictions

Recent Posts
  • Tech Weekly: Heavy Selling Results in Weekly Loss for Nasdaq
  • Crypto Market Update: Strategy Outlines Rules for Selling Bitcoin Reserves
  • American Vintage: A 250 year history of how wine shaped and was shaped by the USA
  • Crypto and Blockchain Stocks: 9 Biggest Companies
  • Tens of Thousands Try for Tickets to See Bayeux Tapestry at the British Museum

Subscribe to Newsletter

Get the latest markets and assets news and updates directly to your inbox.

Editors Picks

Crypto Market Update: Strategy Outlines Rules for Selling Bitcoin Reserves

July 3, 2026

American Vintage: A 250 year history of how wine shaped and was shaped by the USA

July 3, 2026

Crypto and Blockchain Stocks: 9 Biggest Companies

July 3, 2026

Tens of Thousands Try for Tickets to See Bayeux Tapestry at the British Museum

July 3, 2026

Fastmarkets 2026: 3 Themes Shaping Lithium’s Next Chapter

July 3, 2026
Facebook X (Twitter) Instagram
© 2026 The Asset Observer. All Rights Reserved.
  • Privacy Policy
  • Terms
  • Press Release
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.