Guggenheim Foundation selected Frank Gehry as the architect, and its director, Thomas Krens, encouraged him to design something daring and innovative. United States: Amazon Books. "The Miracle in Bilbao", The New York Times Magazine, September 7, 1997, accessed April 4, 2012 Templer, Karen. 3 4 5, the Basque government agreed to cover the US100 million construction cost, to create a US50 million acquisitions fund, to pay a one-time US20 million fee to the Guggenheim and to subsidize the museum's US12 million annual budget. Cuito, Aurora, Pons, Eugeni, Guggenheim, 2001. Cantabrian Sea, it is one of several museums belonging to the.
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15 The Independent calls the museum "an astonishing architectural feat". 29 Management and 2007 embezzlement incident edit According to a report issued in 2007 by the Basque Court of Auditors, the museum paid more than US27 million for the acquisition of art between 20, including Serra's The Matter of Time for the cavernous ground-floor gallery. Guggenheim Foundation and features permanent and visiting exhibits of works by Spanish and international artists.
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