Museum Ludwig, houses a collection of modern art. It includes works from PopArt, Abstract and Surrealism, and has one of the largest Picasso collections in Europe. It also features many works by Andy Warhol and Roy Lichtenstein. The museum emerged in 1976 as an independent institution from the Wallraf-Richartz Museum. That year the chocolate magnate Peter Ludwig agreed to endow 350 modern artworks – then valued at $45 million – and in return the City of Cologne committed itself to build a dedicated “Museum Ludwig” for works made after the year 1900. The recent building, which was designed by architects Peter Busmannand Godfrid Haberer opened in 1986. The new building first became home to both the Wallraf Richartz Museum as well as Museum Ludwig. In 1994 it was decided to separate the two institutions and to place the building on Bischofsgartenstrasse at the sole disposal of Museum Ludwig. The building is surrounded by the Heinrich-Boll-Platz, a public square designed by Dani Karavan
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