Cosmetic Heir's Billion-Dollar Gift to Art World

Leonard Lauder will donate 78 works of Cubist art to New York City's Metropolitan Museum of Art.
0:33 | 04/10/13

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Transcript for Cosmetic Heir's Billion-Dollar Gift to Art World
A massive donation in the art world cosmetics billionaire Leonard Lauder heir to the Estee Lauder fortune. Is handing over his collection of cubist art it's worth a billion dollars. And it's going to New York's metropolitan museum included in this donation dozens of works by Picasso and -- master pieces of that era. The museum director called the donation truly transformational. Lauder is -- the 24 person ever to give a gift greater than a billion dollars.

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