Istanbul Modern Art Museum Turkey has it's first museum of modern art located in Istanbul. It has been put together with the help of several wealthy art collectors, philanthropists, and a lesser contribution from the Turkish government.
The project's main contributor and driving force has been Turkey's 6th wealthiest man and collector of contemporary Turkish art Bulent Eczacibasi.
In Istanbul, Creating a Space for Modern Art
"With a collection of abstract paintings, portraits, sculptures and photographs from private and state collections, the new museum, Istanbul Modern, aims to foster innovative exchanges between Turkish and Western art."
new york times (requires free subscription)
  ¶ 6:00 PM