Big news: James Goldstein, real estate investor and owner of John Lautner's iconic Sheats-Goldstein Residence in Los Angeles, is donating the 1963 masterpiece to the Los Angeles County Museum of Art (LACMA). According to a report by the Los Angeles Times, the donation, which will be announced this afternoon at the house, will include an endowment of $17M for a maintenance fund, plus the James Turrell installation set on a slope below the home and a new building nearby containing an office and nightclub.
Perched daringly above Beverly Hills, the cave-like structure is distinguished by a spectacular concrete roof with coffered triangles, soaring over glass walls, a pool, and sweeping views of L.A. This is a dramatic scene that fans of films like The Big Lebowski and Charlie's Angels: Full Throttle will recognize. Over the years, the home has also hosted art installations and celebrity photo shoots (including this Vanity Fair spread on Jennifer Lawrence.) And now, more people can get a chance to see the midcentury icon up close.
LACMA, which estimates the value of the gift at $40M, will be able to organize "limited tours and events" while Goldstein is still living there, but hopes to use the space for fundraisers, exhibitions, conferences, and more further down the line. As for Goldstein, education seems to be a driving factor in his donation. "I want the house to be an educational tool for young architects, and I want to inspire good architecture for Los Angeles," Goldstein tells the Times. Read the full story here.
These nighttime shots are from an event for French artist Xavier Veilhan's 2013 installation at the house. Keep scrolling for some glorious daytime 'grams.
∙ Investor donates his gravity-defying John Lautner-designed home in Beverly Crest to LACMA [LA Times]
∙ Inside John Lautner's Dangerous Sheats-Goldstein House [Curbed LA]
∙ Bob Hope's Iconic Palm Springs Estate to Host Louis Vuitton Fashion Show [Curbed]