Top Art Collector Raymond J. McGuire to Run for Mayor of New York – ARTnews.com

What has been running for a year is now confirmed: collector Raymond J. McGuire, president of the Studio Museum in Harlem, said Thursday that he would seek the Democratic nomination for mayor of New York.

McGuire, who is also a trustee of the Whitney Museum in New York, is known in the art world for his impressive and substantial collection of contemporary African American and African art, which includes works by some of the most important artists in the world. today, including Glenn Ligon. , Carrie Mae Weems, Malick Sidibé, Gary Simmons, Lorna Simpson, Toyin Ojih Odutola and Derrick Adams, as well as historical figures such as Romare Bearden, Norman Lewis, Charles Alston, Elizabeth Catlett, Henry Ossawa Tanner and Roy DeCarava. He ranked on ART news‘s Top 200 Collectors list every year since 2014.

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As vice chairman of Citigroup, McGuire was one of Wall Street’s top black executives for several years; he will leave his post as part of his candidacy. Jeffrey C. Mays reported in the New York Times that McGuire’s run is backed by local business leaders who have been looking for a candidate who can keep the city financially solvent amid the coronavirus pandemic. (The city expects a loss of at least $9 billion in tax revenue over the next two fiscal years.)

“New York gave me the opportunity to have huge success,” McGuire told The Time. “Now New York is in a financial crisis that has exploded into a whole series of crises – educational, health and judicial. If there is a moment in history where my skills can help lead, this is it.

New York’s mayoral primaries are next June and McGuire will face a wide range of candidates, including City Comptroller Scott M. Stringer, former Sanitation Commissioner Kathryn Garcia, Brooklyn Councilman Carlos Menchaca , Maya Wiley, among others.

Norma D. Ross