I remember seeing retired postal worker Herbert Vogel and his wife, Brooklyn librarian Dorothy, profiled on 60 Minutes years ago. Despite having very modest incomes and living on the Upper East Side of Manhattan, they amassed over a lifetime an astonishing collection of modern art by identifying talented new artists early and buying their works cheaply, keeping all 5,000 pieces in their rent-controlled, 1 bedroom apartment.
They could have made millions on their amazing art collection, but instead sold nothing and donated their entire collection to the National Gallery of Art in Washington, D.C.
Herbert Vogel has now died at the age of 89. You can watch his 1 minute obituary on the CBS Evening News last night HERE.
His New York Times obituary added this bit of color to their story:
"Their style was to make friends with the young, often little-known
artists who were making the new art. Thus they bypassed galleries, a
practice some in the art world later criticized as cheating the system.
They bought on credit and were slow to pay. They had no car, took no
vacations and ate TV dinners; a night out was a trip to the nearby
Chinese restaurant. They sometimes did cat-sitting in exchange for art."