WHEN STEVE WYNN, who collects blue-chip canvases as ardently as he does casinos, first hung his French Impressionist works at the Bellagio, in Las Vegas, hotels with capital-s Serious art collections were as rare as a water lily in the Nevada desert. Almost 20 years later, properties around the globe are jumping on the art bandwagon, hiring curators, courting prominent artists and scattering pieces—priceless and otherwise—all over their properties.
Last month, the Langham hotel group announced that its $2 million acquisition of works by painter Alex Katz would be the centerpiece of a permanent collection at Manhattan’s Langham Palace starting in September, after a major renovation. The new Park Hyatt New York displays works by some of the same...
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