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Peggy Guggenheim , born Marguerite Guggenheim , was a person known for her work as an art dealer , socialite , patron of the arts , and art collector . She was born in New York City on August 26, 1898 , and held citizenship in the United States . Guggenheim was the child of Benjamin Guggenheim , and she was educated at Calhoun School .
Peggy Guggenheim is known for founding the Peggy Guggenheim Collection , an art museum she established in Venice, Italy. She lived in Venice, where she ultimately passed away on December 23, 1979 . Guggenheim was married to artist Max Ernst and had a child named Pegeen Vail Guggenheim .
Guggenheim was also the owner of Abstraction Limited , an organization involved in art dealing and collection. Reflecting her dedication to the art world and legacy within it, the Peggy Guggenheim Collection remains an important destination for art enthusiasts today .