MAGASIN III Museum & Foundation for Contemporary Art

Culture & Society

Proventus’ mindset has provided the creative freedom to make new approaches to culture possible, and to allow audiences to experience challenging new work in ways that could not be done elsewhere. David Neuman, the internationally respected curator, first proposed a new model for a visual arts institution to Robert Weil almost 30 years ago. Neither a museum nor a conventional gallery, the plan was to operate as an arts laboratory, commissioning artists to create special pieces for exhibition, and then to acquire a selection of them. Neuman explains: 'For close to thirty years Magasin III has provided intellectual, curatorial and financial opportunities for visual artists from all over the world to create artworks that reach outside the conventional institutional parameters.'

Since 1987, Proventus have maintained Magasin III, a unique space in a 1920's warehouse in Stockholm’s harbor under Neuman’s leadership. It's a handsome, unpretentious and robust space that has hosted many of the world’s leading contemporary artists, from James Turrell to Mona Hatoum to Ai Wei Wei. It has created an important node in an international network of art spaces that are at the leading edge of contemporary art practice. The program has been the basis for the formation of an art collection which now includes more than 800 art works, supported by a serious cataloguing and publishing program. These are not trophy pieces, or the starting point for a monumental museum, but represent a genuine engagement of curators, artists and Proventus as a company that offers artists a rare chance to undertake original research.

The Family Robert Weils Foundation and Proventus see the Magasin III program as a chance to learn from the creativity of art in the broadest sense. It stands for values that last longer than considerations of short-term revenue. By involving ourselves with challenging definitions of art, we are acknowledging that, as an investment organization, we cannot operate in a cultural vacuum.

Magasin III is one of the initiators of Accelerator, a space where culture meets science, at Stockholm University. Read more (in Swedish)




Magasin III