The German couple, Irene and Peter Ludwig, who were the founders of the Ludwig Museum – Museum of Contemporary Art, Budapest, had a collection of more than 12 thousand works of art, range from antiquities to contemporary art. The pieces they have donated or lent are on display at 30 museums worldwide, including institutions in Budapest, Cologne, Vienna and Beijing.
The Ludwig Foundation donates 70 art works to the state of Hungary to establish the collection of the Ludwig Museum – Museum of Contemporary Art in Hungary. For the present, the collection is managed by the National Gallery.
On the first floor of Building A of the Hungarian National Gallery, the Ludwig Foundation puts 91 works on long-term deposit. The opening of its first autonomous exhibition marks the debut of the Ludwig Museum Budapest, the first institution in Hungary concerned with international contemporary art.