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Levy, Kenneth Adolph (1897–1984)

Kenneth Levy, a millionaire stockbroker, has left his valuable art collection to the Tate and National Gallery.

The collection includes a Renoir, Monet, Matisse, Corot and Utrillo. In his will, published yesterday, the galleries receive the collection when his wife, Helena, dies.

His friend and former partner at the London Stock Exchange, Mr Bryan Carvalho, said yesterday: 'These pictures have been valued at over £1 million. He paid a few hundred pounds for each of them and of course they became fabulously valuable.

"But he bought them because he liked them. He liked to have them on his wall. He got very annoyed with people trying to buy them not because they liked them, but because they thought they might become more valuable.

"he said the reason to buy a picture is because you want to look at it and enjoy it, not because you want to flog it later on. He never sold a picture and never bought one unless he truly liked and wanted it."

Mr Levy, who was 86 when he died in December, left estate valued at £2,162,227 net.

Mr Levy, who retired from the stock exchange about 20 years ago, also left £17,000 to various charities. He joined the Friends of the Tate when it was formed in the 1960s and made the bequest through the organisation.

A spokesman for the friends said yesterday they were "very pleased" about the gift.

Original publication

  • Times (London), 1 March 1985, p 3

Citation details

'Levy, Kenneth Adolph (1897–1984)', Obituaries Australia, National Centre of Biography, Australian National University, http://oa.anu.edu.au/obituary/levy-kenneth-adolph-22094/text32035, accessed 22 July 2018.

© Copyright Obituaries Australia, 2010-2018

Life Summary [details]

Birth

18 February 1897
Liverpool, Merseyside, England

Death

2 December 1984
London, Middlesex, England

Cause of Death

pneumonia

Cultural Heritage
Religious Influence