William Painter to sell his painting studio to an investor
William Painter, the legendary painter and one-time architect, has been sold to a private equity firm.
The sale of his famed Studio 54 is valued at $4.5 billion, according to a filing to the SEC.
Painter will continue to maintain ownership of his studio.
Painter was one of the most influential figures in American architecture.
He was known for creating distinctive, high-concept buildings like the Museum of Modern Art’s iconic tower and the Guggenheim Museum in New York.
Painter died last year at age 85.
Painter has also been a philanthropist, donating millions of dollars to the American Red Cross and other organizations.
Painter’s work was widely considered to be one of America’s greatest achievements.
Painter is known for his signature, iconic blue paint used on iconic American buildings like The Gugeneau, which opened in 1904.
He’s also credited with designing the famous William F. Buckley statue, which now resides in the National Museum of American History.
Painter also built the Museum’s largest-ever glass and steel sculpture of the famed Will Rogers.
Painter built his own glass building and a new, three-story glass building for the Gilded Age.
Painter had been working at Studio 54, which he bought in 1996.
His first wife, Dorothy Kaczynski, died in 2001.
Painter left his studio in the early 1990s.
His other wife, Maryanne Kaczinski, passed away in 2006.
Painter spent more than 25 years at the Gogol building, which was built in 1901 and was a focal point for the Museum when it opened in the late 1960s.
Painter said he felt like a lost artist and an artist who was going nowhere.
Painter took over the building in 2012 and renovated it in his honor, and it was a turning point in his life, Painter said in a statement.
Painter worked there for nearly a decade, building the Gagarin Space Center in Florida and working on the Gopnik-era Kennedy Center.
Painter called his building one of his most important.
He said the Gockel Building, now the Smithsonian, is a great building.
He described the Gokstad Building, which also opened in 1901, as the most important building in the world.
Painter described the work of art as a journey of the mind and the heart.
Painter often built new buildings and put new ideas into the works.
Painter and his wife, who died in 2002, were longtime residents of the Goyt Building in New Orleans.
Painter lived in New Jersey for nearly two decades before moving to California.
Painter currently lives in New Mexico with his wife.
Painter works with artists and architects worldwide.
Painter, who was born in New Hampshire and raised in Massachusetts, is the only surviving son of the painter William F and the architect Paul M. Painter.
He and his siblings were the first people in their family to graduate from high school.
Painter won the prestigious Bauhaus Prize in 1929 and was awarded the Nobel Prize in 1954.
Painter became one of architecture’s leading architects when he designed the iconic Guglen Building in St. Louis, Missouri.
Painter later designed the Kennedy Center and Gogost Building in the New York metropolitan area.
Painter taught architecture at the University of Texas at Austin, the University at Buffalo, and the College of William and Mary.
Painter served on the boards of numerous foundations and charitable organizations including the Whitney Museum of Art, the Robert A.M. Stern Foundation, and The Foundation for African American Achievement.
Painter wrote a book about his life called The Artist: A Journey in the Heart of Art.
Painter sold his painting company in 1998 to a company called Kiewit.
Painter told Recode he was looking forward to continuing to work on the work he created.
Painter plans to donate his remaining work to various charitable causes, including the African American Museum of the University, the African-American Museum of New York, the Whitney Biennial and the American Museum for African Art.