GUGGENHEIM, Peggy

In spite of her personal extravagances and absurdities, she ranks among the great patrons of avant-garde painting. In addition to purchasing works by emerging artists, she also gave them stipends and even for a while sponsored a gallery that showed their work. The historical measure of her success as a patron was that many of those early receiving her beneficence later earned greater recognition. Indeed, good wagering is finally the truest measure for patronage, whether by private individuals, public...