IBOV 177,675 ▲ 2.86% IPSA 11,032 ▲ 0.06% IPC MEX 66,449 ▲ 0.52% MERVAL 3,272,366 ▲ 2.18% COLCAP 2,307.67 ▲ 0.65% BVL PERÚ 56,194.27 ▲ 1.26% USD/BRL5.11▼ 0.19% USD/MXN17.47▼ 0.44% USD/CLP923.60▼ 0.44% USD/COP3,247▼ 2.86% USD/PEN3.39▼ 0.31% USD/ARS1,487▼ 0.03% USD/UYU40.22▲ 1.20% USD/PYG6,055▲ 1.53% USD/BOB10.14▲ 4.01% USD/DOP58.48▼ 0.12% USD/CRC448.82▲ 1.40% USD/GTQ7.63▲ 2.28% USD/HNL26.72▲ 1.50% USD/NIO36.62▲ 0.26% USD/VES707.92▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD158.09▲ 0.81% USD/TTD6.75▲ 1.32% EUR/BRL5.83▼ 1.05% BRENT 76.08 ▼ 0.29% WTI 71.61 ▼ 0.65% IRON ORE 161.91 — — COPPER 6.28 ▲ 1.09% GOLD 4,114 ▼ 0.40% SILVER 60.08 ▼ 0.50% SOY 1,190 ▲ 0.83% CORN 460.25 ▲ 7.60% WHEAT 639.25 ▲ 4.58% COFFEE 337.75 ▼ 5.38% SUGAR 14.86 ▼ 1.72% ORANGE JUICE 143.25 ▼ 4.44% COTTON 80.87 ▲ 6.18% COCOA 5,973 ▼ 5.33% BEEF 235.00 ▼ 0.11% CATTLE 354.38 ▼ 0.50% LITHIUM 72.30 ▼ 0.71% PETR4 39.59 ▲ 0.97% VALE3 74.25 ▲ 1.50% ITUB4 44.20 ▲ 3.78% BBDC4 18.83 ▲ 4.61% ABEV3 15.80 ▲ 0.51% BBAS3 20.55 ▲ 2.75% B3SA3 15.40 ▲ 4.12% WEGE3 46.53 ▲ 1.73% PRIO3 55.43 ▼ 0.32% SUZB3 41.38 ▲ 0.85% RENT3 40.86 ▲ 3.71% AZZA3 19.13 ▲ 3.63% CSAN3 4.01 ▲ 3.89% RAIZ4 0.35 ▼ 5.41% PCAR3 2.74 ▼ 0.72% GMAT3 3.95 ▲ 0.51% PSSA3 54.71 ▲ 2.55% CVCB3 1.24 ▼ 0.80% POSI3 4.00 ▲ 3.90% SLCE3 14.02 ▲ 1.67% NATU3 8.56 ▲ 1.18% BRKM5 6.60 ▲ 3.77% RANI3 8.02 ▲ 2.04% CSNA3 5.18 ▲ 7.92% CMIN3 5.18 ▲ 7.25% USIM5 8.44 ▲ 1.08% GGBR4 22.99 ▲ 2.27% ENEV3 27.45 ▲ 4.77% CPFE3 47.73 ▲ 3.11% CMIG4 11.36 ▲ 2.53% EQTL3 40.91 ▲ 3.54% LREN3 14.52 ▲ 2.61% VIVT3 35.79 ▲ 3.74% RAIL3 14.33 ▲ 4.22% KLABIN 17.50 ▲ 0.57% RAIA DROGASIL 18.78 ▲ 3.59% RDOR3 35.84 ▲ 1.96% HAPV3 10.55 ▲ 4.77% FLRY3 16.41 ▲ 4.19% SMTO3 16.28 ▲ 1.43% UGPA3 30.79 ▲ 2.29% VBBR3 32.89 ▲ 2.46% BBSE3 40.36 ▲ 2.75% BPAC11 58.79 ▲ 5.59% CURY3 34.11 ▲ 4.31% AERI3 2.06 — 0.00% VIVARA 23.49 ▲ 4.03% COMPASS 25.49 ▲ 3.28% VAMOS 3.07 ▲ 3.72% SANB11 27.39 ▲ 4.34% ASAI3 8.91 ▲ 5.32% SBSP3 30.97 ▲ 3.23% WALMEX 49.36 ▲ 0.69% GMEXICO 198.58 ▲ 1.66% FEMSA 223.32 ▲ 0.43% CEMEX 21.87 ▲ 0.74% GFNORTE 186.40 ▲ 0.57% BIMBO 55.99 ▲ 0.11% TELEVISA 9.73 ▲ 2.53% AMX 22.70 ▲ 0.27% GAP 413.11 ▼ 0.15% ASUR 285.81 ▲ 0.77% OMA 236.59 ▼ 0.59% KOF 181.75 ▲ 0.47% GRUMA 282.47 ▼ 0.05% KIMBER 38.05 ▼ 1.01% SQM-B 68,179 ▼ 1.33% COPEC 6,090 ▲ 1.16% BSANTANDER 78.43 ▲ 1.20% FALABELLA 5,943 ▲ 1.57% ENELAM 85.12 ▲ 1.14% CENCOSUD 2,044 ▼ 0.63% CMPC 1,109 ▲ 1.32% BANCO CHILE 187.68 ▲ 0.36% LATAM AIR 26.27 ▼ 0.49% YPF 74,225 ▼ 2.05% GGAL 8,315 ▲ 5.52% PAMPA 5,185 ▼ 0.38% TXAR 670.00 ▲ 0.83% ALUAR 978.00 ▲ 0.98% TGS 9,570 ▲ 2.79% CEPU 2,370 ▲ 2.38% MIRGOR 17,100 ▼ 0.58% COME 45.94 ▲ 1.14% LOMA NEGRA 3,583 ▲ 2.43% BYMA 314.00 ▲ 1.37% TELECOM ARG 4,223 ▲ 2.49% ECOPETROL 15.52 ▲ 0.84% BANCOLOMBIA 83.15 ▲ 2.74% GRUPO AVAL 5.10 ▲ 1.59% CREDICORP 400.67 ▲ 2.23% SOUTHERN COPPER 175.80 ▲ 0.79% BUENAVENTURA 30.17 ▲ 2.08% MERCADOLIBRE 1,861 ▲ 2.93% NUBANK 13.79 ▲ 0.84% XP 16.91 ▲ 3.05% PAGSEGURO 9.26 ▲ 2.83% STONE 11.22 ▲ 2.33% GLOBANT 29.96 ▼ 4.25% TECNOGLASS 44.19 ▲ 2.43% GAP AIRPORT 235.80 ▲ 0.57% ASUR 285.81 ▲ 0.77% OMA AIRPORT 108.14 ▼ 0.18% AMX ADR 25.93 ▲ 0.35% FEMSA ADR 127.90 ▲ 0.70% CEMEX ADR 12.52 ▲ 1.17% PETROBRAS ADR 17.24 ▲ 1.23% VALE ADR 14.49 ▲ 1.90% ITAU ADR 8.65 ▲ 4.47% SANTANDER BR 5.40 ▲ 5.06% AMBEV ADR 3.07 ▲ 0.99% CSN 1.03 ▲ 7.36% GERDAU 4.52 ▲ 2.38% LATAM ADR 56.89 ▼ 0.26% BTC 63,808 ▲ 0.97% ETH 1,789 ▲ 2.56% SOL 77.73 ▼ 0.40% XRP 1.10 ▲ 0.97% BNB 575.34 ▲ 1.21% ADA 0.17 ▼ 0.13% DOGE 0.07 ▲ 1.64% AVAX 6.74 ▲ 0.85% LINK 7.90 ▲ 2.17% DOT 0.87 ▲ 5.81% LTC 44.58 ▲ 1.86% BCH 245.55 ▲ 3.27% TRX 0.33 ▼ 0.38% XLM 0.19 ▲ 2.09% HBAR 0.07 — 0.00% NEAR 1.87 ▼ 2.47% ATOM 1.59 ▲ 2.53% AAVE 96.37 ▲ 5.60% SELIC 14.25% EMBRAER 84.84 ▲ 1.17% EMBRAER ADR 66.34 ▲ 1.22% JBS 11.91 ▲ 1.53% JBS BDR 60.69 ▲ 1.07% MBRF3 15.59 ▲ 1.17% MBRFY 2.97 ▼ 1.00% INTER 5.79 ▲ 1.31% EGX 52,312 ▲ 0.54% USD/ZAR16.30▼ 0.17% USD/NGN1,376▼ 0.12% NIKKEI 68,558 ▲ 1.20% CSI300 4,781 ▼ 1.96% HSI 24,175 ▲ 0.60% NIFTY 24,207 ▲ 1.02% KOSPI 7,476 ▲ 2.52% JCI 5,924 ▲ 0.20% USD/JPY161.71▼ 0.41% 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SILVER 60.08 ▼ 0.50% SOY 1,190 ▲ 0.83% CORN 460.25 ▲ 7.60% WHEAT 639.25 ▲ 4.58% COFFEE 337.75 ▼ 5.38% SUGAR 14.86 ▼ 1.72% ORANGE JUICE 143.25 ▼ 4.44% COTTON 80.87 ▲ 6.18% COCOA 5,973 ▼ 5.33% BEEF 235.00 ▼ 0.11% CATTLE 354.38 ▼ 0.50% LITHIUM 72.30 ▼ 0.71% PETR4 39.59 ▲ 0.97% VALE3 74.25 ▲ 1.50% ITUB4 44.20 ▲ 3.78% BBDC4 18.83 ▲ 4.61% ABEV3 15.80 ▲ 0.51% BBAS3 20.55 ▲ 2.75% B3SA3 15.40 ▲ 4.12% WEGE3 46.53 ▲ 1.73% PRIO3 55.43 ▼ 0.32% SUZB3 41.38 ▲ 0.85% RENT3 40.86 ▲ 3.71% AZZA3 19.13 ▲ 3.63% CSAN3 4.01 ▲ 3.89% RAIZ4 0.35 ▼ 5.41% PCAR3 2.74 ▼ 0.72% GMAT3 3.95 ▲ 0.51% PSSA3 54.71 ▲ 2.55% CVCB3 1.24 ▼ 0.80% POSI3 4.00 ▲ 3.90% SLCE3 14.02 ▲ 1.67% NATU3 8.56 ▲ 1.18% BRKM5 6.60 ▲ 3.77% RANI3 8.02 ▲ 2.04% CSNA3 5.18 ▲ 7.92% CMIN3 5.18 ▲ 7.25% USIM5 8.44 ▲ 1.08% GGBR4 22.99 ▲ 2.27% ENEV3 27.45 ▲ 4.77% CPFE3 47.73 ▲ 3.11% CMIG4 11.36 ▲ 2.53% EQTL3 40.91 ▲ 3.54% LREN3 14.52 ▲ 2.61% VIVT3 35.79 ▲ 3.74% RAIL3 14.33 ▲ 4.22% KLABIN 17.50 ▲ 0.57% RAIA DROGASIL 18.78 ▲ 3.59% RDOR3 35.84 ▲ 1.96% HAPV3 10.55 ▲ 4.77% FLRY3 16.41 ▲ 4.19% SMTO3 16.28 ▲ 1.43% UGPA3 30.79 ▲ 2.29% VBBR3 32.89 ▲ 2.46% BBSE3 40.36 ▲ 2.75% BPAC11 58.79 ▲ 5.59% CURY3 34.11 ▲ 4.31% AERI3 2.06 — 0.00% VIVARA 23.49 ▲ 4.03% COMPASS 25.49 ▲ 3.28% VAMOS 3.07 ▲ 3.72% SANB11 27.39 ▲ 4.34% ASAI3 8.91 ▲ 5.32% SBSP3 30.97 ▲ 3.23% WALMEX 49.36 ▲ 0.69% GMEXICO 198.58 ▲ 1.66% FEMSA 223.32 ▲ 0.43% CEMEX 21.87 ▲ 0.74% GFNORTE 186.40 ▲ 0.57% BIMBO 55.99 ▲ 0.11% TELEVISA 9.73 ▲ 2.53% AMX 22.70 ▲ 0.27% GAP 413.11 ▼ 0.15% ASUR 285.81 ▲ 0.77% OMA 236.59 ▼ 0.59% KOF 181.75 ▲ 0.47% GRUMA 282.47 ▼ 0.05% KIMBER 38.05 ▼ 1.01% SQM-B 68,179 ▼ 1.33% COPEC 6,090 ▲ 1.16% BSANTANDER 78.43 ▲ 1.20% FALABELLA 5,943 ▲ 1.57% ENELAM 85.12 ▲ 1.14% CENCOSUD 2,044 ▼ 0.63% CMPC 1,109 ▲ 1.32% BANCO CHILE 187.68 ▲ 0.36% LATAM AIR 26.27 ▼ 0.49% YPF 74,225 ▼ 2.05% GGAL 8,315 ▲ 5.52% PAMPA 5,185 ▼ 0.38% TXAR 670.00 ▲ 0.83% ALUAR 978.00 ▲ 0.98% TGS 9,570 ▲ 2.79% CEPU 2,370 ▲ 2.38% MIRGOR 17,100 ▼ 0.58% COME 45.94 ▲ 1.14% LOMA NEGRA 3,583 ▲ 2.43% BYMA 314.00 ▲ 1.37% TELECOM ARG 4,223 ▲ 2.49% ECOPETROL 15.52 ▲ 0.84% BANCOLOMBIA 83.15 ▲ 2.74% GRUPO AVAL 5.10 ▲ 1.59% CREDICORP 400.67 ▲ 2.23% SOUTHERN COPPER 175.80 ▲ 0.79% BUENAVENTURA 30.17 ▲ 2.08% MERCADOLIBRE 1,861 ▲ 2.93% NUBANK 13.79 ▲ 0.84% XP 16.91 ▲ 3.05% PAGSEGURO 9.26 ▲ 2.83% STONE 11.22 ▲ 2.33% GLOBANT 29.96 ▼ 4.25% TECNOGLASS 44.19 ▲ 2.43% GAP AIRPORT 235.80 ▲ 0.57% ASUR 285.81 ▲ 0.77% OMA AIRPORT 108.14 ▼ 0.18% AMX ADR 25.93 ▲ 0.35% FEMSA ADR 127.90 ▲ 0.70% CEMEX ADR 12.52 ▲ 1.17% PETROBRAS ADR 17.24 ▲ 1.23% VALE ADR 14.49 ▲ 1.90% ITAU ADR 8.65 ▲ 4.47% SANTANDER BR 5.40 ▲ 5.06% AMBEV ADR 3.07 ▲ 0.99% CSN 1.03 ▲ 7.36% GERDAU 4.52 ▲ 2.38% LATAM ADR 56.89 ▼ 0.26% BTC 63,808 ▲ 0.97% ETH 1,789 ▲ 2.56% SOL 77.73 ▼ 0.40% XRP 1.10 ▲ 0.97% BNB 575.34 ▲ 1.21% ADA 0.17 ▼ 0.13% DOGE 0.07 ▲ 1.64% AVAX 6.74 ▲ 0.85% LINK 7.90 ▲ 2.17% DOT 0.87 ▲ 5.81% LTC 44.58 ▲ 1.86% BCH 245.55 ▲ 3.27% TRX 0.33 ▼ 0.38% XLM 0.19 ▲ 2.09% HBAR 0.07 — 0.00% NEAR 1.87 ▼ 2.47% ATOM 1.59 ▲ 2.53% AAVE 96.37 ▲ 5.60% 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Friday, July 10, 2026

Art + Culture - Brazil Art and Culture

Avenida Paulista in São Paulo to become largest cultural corridor of Latin America

By · August 23, 2021 · 3 min read

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RIO DE JANEIRO, BRAZIL – After almost a decade, the Assis Chateaubriand São Paulo Art Museum (MASP) resumes construction of the institution’s second headquarters, which will be built in the building next to Lina Bo Bardi’s (1914-1992) structure, on Paulista Avenue. The expansion will take place with the occupation of Dumont-Adams, a former residential building that is now in disrepair.

Before the pandemic, Itaúsa CEO and MASP board chairman Alfredo Setubal spent much of 2019 driving his Volvo through São Paulo’s heavy traffic. Setubal always had two passengers with him: former banker and collector Ronaldo Cezar Coelho and Heitor Martins, the McKinsey partner and president of MASP.

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Together the trio knocked on the doors of dozens of super-rich families to launch a transformative project for MASP: R$180 (US$34) million to be raised to renovate the building next to the museum and multiply the exhibition space so that the MASP can show exhibitions that today don’t make it to Brazil because of a lack of spaces with the proper security and technology.

The address to the entrepreneurs was the same for all visitors: “We did not come to ask you for a donation – we came to invite you to enter the history of São Paulo.”

In total, 17 families have already accepted the invitation and contributed a total of R$167 million – making “MASP in Expansion” the largest cultural philanthropy project in the country’s history. The money does not come from corporations, nor is it matched by tax incentives.

Discussions with other potential donors are ongoing, and MASP will not disclose names until fundraising is complete. However, construction has already begun.

The new building will have nine floors of double normal height: seven for exhibitions, one for school activities and a restoration workshop. An underground gallery will connect the new building to the main building.

When completed, MASP capacity will increase from its peak of 500,000 visitors per year – when “Tarsila Popular” generated anthropophagic lines that spun around the entire block – to 2 million visitors per year. This new force will be tested in 2026 when MASP will host a Van Gogh exhibition.

Together with the new MASP and existing cultural institutions – the Instituto Moreira Salles, Japan House, Cidade Matarazzo, Itaú Cultural and SESC – “Avenida Paulista will become the largest cultural corridor in Latin America,” says Cezar Coelho, who chairs the MASP em Expansão committee.

The work, for which Racional Engenharia is responsible, is scheduled to be completed by 2024 so that the new facility can ideally be inaugurated on July 9, the day São Paulo commemorates the 1932 Constitutional Revolution.

Assis Chateaubriand and Pietro Maria Bardi founded MASP in 1947 on the floor of the Associated Newspapers headquarters in downtown São Paulo. In 1968, the museum moved to its current building, designed by Lina Bo Bardi and inaugurated by Queen Elizabeth.

After years of methodical work to improve the museum’s management – mainly under the direction of Alfredo Setubal – MASP is now stronger than ever.

“Alfredo should be the name of a bridge in São Paulo – not a tunnel, but a bridge! – for everything he has done for São Paulo’s culture, starting with saving the Biennial,” Cezar Coelho says.

The physical expansion is an injection of confidence when MASP has already increased its international presence.

In 2018, the “Afro-Atlantic Histories” exhibition was named one of the top three exhibitions in the world by The New York Times – the first time an exhibition by a non-American museum has been honored by the newspaper.

The exhibition will tour six major American museums beginning this year, showing that this country, when properly organized, can still make us proud.

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