One of the world's biggest private art collections, amassed by French billionaire Francois Pinault, is to be housed in a new Paris museum a stone's throw from the Louvre, the city's mayor said Wednesday. Luxury goods mogul Pinault, who also owns the auction house Christie's, is taking over the domed Bourse de Commerce in the centre of the French capital to show his 1.4-billion-dollar (1.2-billion-euro) collection of modern masters. Mayor Anne Hidalgo, who negotiated the deal, described the museum as "an immense gift to the heart of Paris".
