The Foundation Louis Vuitton is known for its high profile exhibitions that have collaborated with other major worldwide museums. The gallery has announced that in 2020 it will be showing the art collection from the early 20th century Russian philanthropist brothers Mikhail and Ivan Morozov. Their collection included works from Cézanne, Van Gogh, Derain, Bonnard and Picasso which have been borrowed from the collections of the State Hermitage Museum in Saint Petersburg, the Pushkin State Museum of Fine Arts and State Tretyakov Gallery in Moscow.
In 1903 Ivan Morozov had begun buying works from Parisian dealers which resulted in the purchase of his first Picasso painting, The Two Saltimbanques. He housed this piece in his villa in Moscow. Through the years the brothers collected works from major global artists of the era like Van Gogh, and Russian artists like Mikhail Larionov and Natalia Goncharova. After the October Revolution of 1917 the Morozov assets were handed over to the Museum of Modern Western Painting. Through time their collection was passed to the State Hermitage Museum and the Pushkin State Museum of Fine Arts where Picasso’s Young Acrobat on a Ball (1905), another Morozov piece was housed.
 
The announcement from The Foundation Louis Vuitton is a landmark moment for the billionaire chairman Bernard Arnault. By creating this exhibition, there has been a major development in the FraNco-Russian relationship in the post-war art world.