History of the Morgan ↓
Pierpont Morgan: Banker
Pierpont Morgan: Collector
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About the Morgan | History of the Morgan
As a young businessman, Pierpont Morgan showed an occasional interest in books and manuscripts and acquired a small group of historical and literary autographs. By the late 1870s he had assembled a conventional New York "gentleman's collection" of drawingsmostly academic genre scenes depicting worlds far removed form modern industrial America. Morgan's early library included standard leatherbound classics, the beginnings of a reference collection on art, and some literary and historical manuscripts.
The death of Morgan's father, Junius, in 1890, however, signaled the beginning of his collecting in earnest. Junius Morgan's estate was valued at roughly $12.4 million; his son assumed leadership of the family's highly profitable London banking house. At age fifty-three, Morgan had the financial resources to acquire on a truly grand scale.