LONDON - Monaco saw the arrival of a new art institution today with the formal opening of the Francis Bacon MB Art Foundation by HSH Prince Albert of Monaco. The private non-profit institute has the mission to promote a deeper understanding of the work and life of Francis Bacon worldwide, with a particular focus on the time that the artist lived and worked in Monaco and Southern France.

Francis Bacon Art Foundation Monaco.

The Foundation was established by collector Majid Boustany, a Monaco resident of some 30 years, who discovered the artist’s work while studying in London. The starting point was an encounter with Bacon's seminal triptych Three Studies for Figures at the Base of a Crucifixion at Tate Britain 20 years ago – as he says, "Bacon's enigmatic triptych challenged interpretation and triggered in me the need to explore his world". Boustany quickly discovered that the artist had lived in the Principailty from 1946 to the early 1950s and frequently returned throughout his life.

The founder has been building a comprehensive art collection over a number of years, which now includes a selection of oil paintings by Francis Bacon from the late 1920s to the early 1980s and work by key peers and influencers. In addition he has a unique photographic archive, a comprehensive collection of Bacon exhibition catalogues, an array of working documents from Bacon’s various studios, a number of rare items from Bacon’s furniture and rug design period, and an extensive library on the artist.

These resources will be housed on the ground floor of 21 Boulevard d’Italie, and will be shortly be open by appointment to scholars and researchers and, from March next year, to the general