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The Thaw Collection is an exhibition of works that have been acquired by Eugene V. and Clare E. Thaw since 1994. In the decades since the early 1950s, when they obtained their first drawing, a figure study by Giambattista Tiepolo, they have assembled one of the finest collections of drawings and watercolors in private hands. On the occasion of the first exhibition of their drawings at The Morgan Library & Museum in 1975, the Thaws announced their intention to eventually present the collection to the institution.

This milestone exhibition—the Morgan's first devoted exclusively to twentieth-century art—served as the centerpiece of the institution's yearlong celebration of its seventy-fifth anniversary.