In 1949 the collector of modern American art, Peggy Guggenheim, acquired a palazzo on the Grand Canal which became her home for 30 years.
It is now the most important museum in Italy of American and European art of the 20th century, housing works of cubism, surrealism and abstract expressionism. Amongst the artists represented, to mention the most famous only, are Picasso, Dali, Magritte, Brancusi, Ernst and Pollock.