It's a huge get for the museum, the collection is a 1,100-piece assortment of works by 185 contemporary artists with many fine pieces from Alexander Calder, Roy Lichtenstein, Chuck Close and Andy Warhol and could be worth nearly $1 billion. Donald Fisher released a written statement that said in part: "San Francisco is where we raised our family and opened our first Gap store, and we want to give back to the city we love by sharing the art that means so much to us."
The museum is already in the planning phase for a major expansion and the Fisher Collection will be on display in a new wing. Works from the collection will be shown with the museum's existing holdings in modern and contemporary art. The works will go into an art trust and the pieces will be on loan to the museum for 25 years. The first peek at the art will come next summer when some of the works are shown as part of the museum's 75th anniversary celebration.