Tycoon's Paris Art Complex

France's richest man has unveiled plans to build a major contemporary arts centre in Paris. Luxury goods tycoon Bernard Arnault wants to open the Louis Vuitton Foundation for Creation in 2010. The 6,000 square metre space will be designed by Frank Gehry, the architect behind the Guggenheim Museum in Bilbao. "We will place contemporary art in the context of modern and classical art," he added. The space will house exhibition galleries, an auditorium and an indoor garden. Five years ago Mr Arnault's business rival Francois Pinault - owner of Christie's and founder of luxury brand PPR - launched his own scheme to bring a contemporary arts space to Paris. But the project was abandoned last year, with Mr Pinault complaining about administrative delays. For the full story - click the title Irish Art