Roy Neuberger, a co-founder of money manager Neuberger Berman who traded stocks until he was 101 and was a collector of such American artists as Jackson Pollock, Georgia O'Keefe and Edward Hopper, has died. He was 107.
He died of natural causes Saturday at his New York home, said his son, Jim Neuberger.
“He got to Wall Street in 1929, a few months before the crash. He was 25,” his son said. “He worked every day until he was 99.”
Neuberger bought about 1,000 works of art over the years. Unlike stocks, which he traded for seven decades, Neuberger said he never sold any art.
“It would be a criminal act for me to sell,” he told Bloomberg News in 2003, the year he turned 100. “In art I buy because I love the work.”
Rather than sell, Neuberger donated works to New York's Metropolitan Museum of Art, Museum of Modern Art and Whitney Museum of American Art, and to dozens of other U.S. museums. Most of his collection is at the Neuberger Museum of Art in Purchase, New York, in Westchester County, north of New York City. The museum opened in 1974.
“In the beginning, I collected art for a purpose -- to help support living artists,” Neuberger wrote in “So Far, So Good: The First 94 Years,” his 1997 memoir. “Now I am simply a lover of art.”
The National Endowment for the Arts awarded Neuberger a National Medal of Arts in 2007. “His support of the visual arts has served as a model for private philanthropy,” the NEA said.