The Santander Foundation reiterates that it did not acquire the Gelman Collection

The Gelman Santander Collection, formerly known as Jacques and Natasha Gelman – one of the most valuable in the world – belongs to the Zambrano family and there will be no “definitive transfer” of it outside of Mexico, the Banco Santander Foundation reaffirmed yesterday in response to versions spread on “social networks and other media.”

Through a statement, the institution explained that it is in charge of managing the collection of works after the agreement they reached with Mexican collectors.

The foundation referred to the agreement it established with the Zambrano family, which states that it will be “in charge of the preservation, study, care and temporary exhibition of this emblematic collection of Mexican art in renowned museums around the world, such as the Museum of Modern Art in Mexico City, where it is currently exhibited.”

He also emphasized that the agreement “does not imply, in any case, either the acquisition or the definitive transfer of the collection outside of Mexico.” He expressed his specific respect for “Mexican legislation, in particular what is established by the Federal Law on Archaeological, Artistic and Historical Monuments and Zones.”

The foundation reported that it maintains “close communication and coordination” with the National Institute of Fine Arts and Literature (Inbal) “so that at the time and with its authorization, the corresponding permits are managed for the temporary export of the Artistic Monument works that are part of this collection.”

In the same sense, he confirmed that Inbal and the federal Ministry of Culture will supervise the state of conservation of the works during their exhibition abroad.